Analysis: PONS ranks 13th in revenue over the past 30 days, with a valuation-to-revenue ratio only about one-tenth that of PUMP

Odaily News, Blockworks Research researcher AJC stated that over the past 30 days, PONS ranked 13th in crypto market revenue, yet its FDV/Revenue multiple is only 0.7x, the lowest among the top 15 tokens by revenue.

For comparison, the FDV/Revenue ratios of CARDS, PUMP, CAKE, AAVE, HYPE, and LINK are approximately 2.8x, 7.7x, 9.6x, 45.2x, 168.5x, and 212.2x, respectively. AJC believes that PONS's current valuation relative to its revenue level is significantly lower than that of other high-revenue protocols.