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Bifrost vs Others: Revenue Truth
Bifrost founder Lurpis recently shared a sharp observation 🧵
Story Protocol’s market cap is 318x Bifrost’s, but its 24h revenue is just 0.6% of Bifrost’s.
That mismatch between valuation and revenue stood out — so here’s a closer look:
👉Revenue vs Valuation
📌 Bifrost (BNC)
- TVL: $80.76M
- 24h Revenue: $3,716
- Annualized Fees: $10.03M
- Market Cap: $5.36M
- FDV: $8.62M
📌 Story Protocol
- Market Cap: $1.7B
- 24h Revenue: $23
→ That’s 0.62% of Bifrost’s revenue
→ Yet worth 318x more
Lurpis also compared Bifrost to other big names — same pattern:
- Metis: 5.95% revenue, 20x cap
- Starknet: 13.35% revenue, 95x cap
- zkSync: 52.15% revenue, 85x cap
- Mantle: 150% revenue, but 8700% higher valuation
💡 Bifrost is earning. Price just hasn’t caught up.
#Bifrost #story #zksync