Thread by @minionabct

1) We really are on the multichain universe narrative now. So I did a quick analysis on mkt cap, liquidity/TVL comparison, the lower the Circulating Mkt Cap/TVL Ratio, the better. The lower the Circulating Mkt Cap as % of Main Chain, the more potential upside that has.

https://twitter.com/0xminion/status/1387485925488226304

2) On Ethereum, we’ve got @Uniswap and @SushiSwap, On BSC, we’ve got @PancakeSwap On @0xPolygon, We’ve got @QuickswapDEX, On @xdaichain we’ve got @Honeyswap On @FantomFDN, we’ve got @Spirit_Swap and @SpookySwap, on @avalancheavax, we’ve got @pangolindex

3) On @HECO_Chain, we’ve got @Mdextec, on @solana , we’ve got @RaydiumProtocol

4) Generally I don’t really like to price these using liquidity/TVL metrics due to the fact that these numbers can be easily influenced by farming incentives, market conditions, etc. But for illustrative purpose, it is still a reasonable metric to draw some references upon.

5) There are a lot of other factors that could influence the price of these tokens and need to be factored in, such as 1: Farming/Trading incentives, 2: Community engagement 3: Tokenomics/Vesting schedules 4: User profiles on different main chains 5: Market narrative etc