Revisiting the narrative of actual returns: How has the token performed? Is it outperforming the market?

Revisiting token returns: Is it outperforming the market?

“RealYield” gained a lot of attention in the market last year, but now it is rarely mentioned. DeFi researcher Ignas | DeFi Research has studied whether the performance of RealYield tokens surpasses other DeFi tokens and states that RealYield tokens do not necessarily perform better.

Ranked by expenses and revenue, top performing real yield tokens include CAKE, GMX, SNX, GNX, CVX, LVL, and CRV. After researching the minimum prices of these protocols for 2022, I found that not all of them have performed well since their narrative started. Real yield tokens like RDNT, GRAIL, GMX, and GNS have performed exceptionally well, but other tokens such as SNX, CRV, and CVX have not performed as well as other non-real yield tokens.

CAKE is an interesting example, as it has generated the most expenses for token holders in the past 24 hours, but its price has continued to decline. Therefore, being a real yield token does not necessarily mean better performance. To evaluate a token’s potential, more factors need to be considered, including narrative, project development, and competition.

Reference: https://twitter.com/DefiIgnas/status/1672684510490796032

We will continue to update Blocking; if you have any questions or suggestions, please contact us!

Share:

Was this article helpful?

93 out of 132 found this helpful

Discover more

Blockchain

Is it true that the market value of cryptocurrency is a hero?

Little Jesus will never forget the day before many years ago. In the early days of the society, in order to find the ...

Market

Bitcoin options products are coming soon, what do you think of the head of CME?

At present, the cryptocurrency market is still in its infancy, and there are only a small number of trading and inves...

Blockchain

Who is the "golden master" behind the Bitcoin developer? Read the history of bitcoin development funding in a text

In this article, we explore the importance of funding open source development, existing funding mechanisms, and the t...

Bitcoin

Bitcoin ETF Watchers Engage in Frenzied Anticipation for Some Sort of Epic Announcement on Freaky Friday

Fashion enthusiasts are buzzing with anticipation for a potential announcement about the potential launch of a Bitcoi...

Market

What's happening to the whales on the Bitcoin rich list now?

People have always been paying attention to the movements of Bitcoin whales in the holding rankings. Huohuo, a popula...

Market

CoinbaseVS Fidelity, the company that hosts millions of bitcoins, will be spent?

According to theblockcrypto, Coinbase is negotiating the acquisition of the cryptocurrency wallet and the bitcoin hos...