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