DeFi Valuation Shift

A potential paradigm shift in the valuation of DeFi protocols is on the horizon, as many assets are currently undervalued compared to their market cap counterparts. The discussion highlights the need for a new narrative that categorizes crypto assets into superclasses, moving beyond the outdated Bitcoin versus altcoins perspective. With the market's irrationality in mind, there's cautious optimism that DeFi protocols could soon receive the recognition they deserve, reflecting their true fundamentals and cash flows.