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@4sun
The list of protocols with the lowest P/F (fully diluted) ratio Read as: POTENTIALLY UNDERVALUED How to read a Low P/F Ratio ↓ • Undervalued (potentially): A low P/F ratio suggests the protocol is generating a lot of fees relative to its market cap. This can signal that the protocol is undervalued compared to its real economic activity. • Efficient revenue capture: It shows the protocol is monetizing usage well — people are actually using it and paying for it. • Possible hidden gem for investors looking for fundamental value in DeFi or infrastructure protocols.
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