Graham Divergence · How it works
A value-investing screen for on-chain businesses.
What it is
A value-investing screen inspired by Benjamin Graham, adapted to on-chain businesses. It surfaces protocols whose fundamentals (revenue, TVL, users) are growing while the token price has stagnated or declined.
Why it's useful
When fundamentals outpace price, the market may be mispricing the asset. These divergences have historically offered asymmetric entries — limited downside because the business is already proving itself, meaningful upside when price reconverges.
How to use it
Treat the list as a watchlist, not a buy list. Inspect each protocol's growth source, competitive moat, and whether the gap is temporary or structural. Concentrate where your conviction is highest.
Take Profit Radar · How it works
When price runs ahead of the business.
What it is
The mirror of Graham Divergence. It surfaces protocols where the token price has outrun the business — revenue, fees and usage haven't kept up with the rally.
Why it's useful
Markets overshoot in both directions. When price detaches upward from fundamentals, the risk/reward inverts: shrinking upside, growing drawdown risk if multiples normalize.
How to use it
Use it as a risk-management signal, not a sell-everything alarm. Review the names in your portfolio that show up here, consider trimming where your thesis has weakened, and rebalance toward healthier fundamentals.
Ratio Analysis · How it works
Who is gaining ground — and who is losing it.
What it is
A peer-relative analysis that compares protocols inside the same vertical (DEX vs DEX, lending vs lending, etc.) on revenue, TVL, fees and market share — and ranks who is gaining ground vs losing it.
Why it's useful
Absolute metrics can mislead during sector-wide booms or busts. Relative performance reveals which protocols are actually winning the competitive game — taking share from incumbents or being slowly eaten by challengers.
How to use it
Use the auto-ranking to spot rising players before consensus. Or pick a direct pair (e.g. Uniswap vs Curve) to inspect head-to-head dynamics. The aim is to back the protocols compounding their edge.
Relative Strength · How it works
Find what's beating the benchmark.
What it is
A momentum ranking measured against a benchmark asset of your choice — default BTC, but switchable to ETH, SOL or HYPE. Each protocol's price change is compared to the benchmark over the same window (24h, 7d, 1m, 3m, 1y) and the spread is the metric.
Why it's useful
Relative strength filters out market-wide moves. When everything goes up in a BTC rally the absolute % return is misleading — what you want to know is who climbed faster than BTC. Persistent outperformance vs. the benchmark is the strongest signal of differentiated fundamentals.
How to use it
Pick a benchmark and a window. Top of the list = beating the benchmark by the widest margin. Bottom = underperforming. The benchmark itself sits as a neutral row (0%) for reference. Combine multiple windows (24h-vs-1m, 7d-vs-3m) to spot persistent leaders vs. one-shot spikes.
Revenue Growth · How it works
The compounders — revenue up every single month.
What it is
Protocols whose monthly revenue has grown month-over-month every single month this year (YTD). We sum each protocol's daily revenue into calendar months and keep only the ones that increased every step.
Why it's useful
A single big month can be a fluke. Revenue that climbs every month is a much stronger signal of real, compounding traction — exactly the kind of momentum that tends to precede a re-rating.
How to use it
Scan the leaderboard for names whose revenue is still small but accelerating (high YTD growth) — and watch the last column (latest month-over-month) to see who's still speeding up versus cooling off.
Hyperliquid$718.4M
Pump.fun$282.4M
Sky (MakerDAO)$179.8M
Aave$75.0M
Chainlink$68.7M