crypto market is shifting from narrative to fundamentals.
traditional equities trade on p/e.
in crypto, the closest analogue is fdv/fees - protocol fees, network usage, actual cash flow.
here’s a quick table I put together on top stocks vs crypto assets.
AAPL ~37x
NVDA ~45x
TSLA ~294x
ETH ~120x
SOL ~58x
HYPE ~29x
UNI ~25x
as more traditional traders enter crypto, assets won’t be priced on belief alone anymore.
this isn’t just a valuation shift - it’s a design shift:
> from narratives to value capture
> from vibe yield farming to risk-priced yield
> from pure points speculation to curated allocation
the question is no longer "stocks vs crypto."
it’s which assets can consistently convert usage into durable value for holders.
4.73K
9
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.