Clarity Act Uncertainty Keeps DeFi Token Bets on Hold
Protocol revenue offers a more direct valuation lens, but Clarity Act uncertainty keeps that framework from becoming a broader DeFi market thesis.
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Protocol revenue offers a more direct valuation lens, but Clarity Act uncertainty keeps that framework from becoming a broader DeFi market thesis.
Buybacks and burns give investors a direct value-accrual lens, while Hougan argues token prices have yet to reflect the revenue shift.