Picolo Research

We are pleased to release our first research report in hot minute, this time on @synthetix. Skip to the end for the full report.

Lastly, @kaiynne and the SNX core contributors have a knack for experimentation/innovation, but more importantly, market timing of their implementation. We see the activity buzzing on Synthetix and believe that a second wave of the DeFi bull market is around the corner.

If you haven’t already, now would be a good time to read through our recent research report on $SNX

@CatfishFishy @chainlink You will find previously omitted figures updated in the substack report

x.com/picoloresearch… This isn't anywhere close to correct. Chainlink's total fees include payments made directly by teams to CLL, which flow to nodes+ direct end user fees (which are easily tracked on-chain) + revenue share from GMX + estimated value from all the BUILD projects paying a portion of their own token supply + value of all the L1 & L2 chains that have joined the SCALE programs that paid their own native gas token for services

We are pleased to release a new research report on @chainlink Skip to the end for the full report.

@ChainLinkGod @ChainlinkBull @chainlinklabs @crypto_condom @ChainLink_ItAll @TheLinkMarine1 @bob4punk @hiFramework @ChrisBarrett We have made several updates to the revenue figures and PE Ratio as a result of some data that was previously omitted. Substack report updated

Tagging a few who might be interested @ChainLinkGod @ChainlinkBull @chainlinklabs @crypto_condom @ChainLink_ItAll @TheLinkMarine1 @bob4punk @hiFramework @ChrisBarrett

@DefiDrew The end valuation remains the same. We are seeking to do a larger and updated report covering some of the other points you have mentioned

@DefiDrew Thanks for your feedback! The goal of the report was to showcase the potential of CCIP as Link's future revenue driver, however you are correct price feed revenues which were not fully accounted for . We have updated this in the report which has brought PE down significantly.

I find reports like this… interesting Very hard to quantify future value but I appreciate the attempt Questions for @picoloresearch Where did you get your revenue estimates? Looks like they completely ignore price feeds which have by far the most revenue Also data streams and the $GMX v2 rev share will be significant (and boosted for at least a few months by $ARB incentives) Functions is also not mentioned and I believe has massive potential