DeFi Development Ratios and Metrics

Market cap in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Feb '26 Feb 27, 2026	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Market Capitalization	104	7	10	-	-	-
Market Cap Growth	1280.09%	-33.31%	-	-	-	-
Enterprise Value	226	4	5	-	-	-
Last Close Price	3.48	0.69	1.18	-	-	-
PS Ratio	13.82	3.27	5.14	-	-	-
PB Ratio	0.40	1.96	1.77	-	-	-
P/TBV Ratio	0.43	2.73	2.27	-	-	-
EV/Sales Ratio	29.97	1.88	2.28	-	-	-
Debt / Equity Ratio	0.54	0.00	0.01	0.21	-	-
Net Debt / Equity Ratio	0.50	-0.81	-0.86	-1.65	-4.07	3.10
Net Debt / EBITDA Ratio	1.34	1.06	1.47	-	-	-
Net Debt / FCF Ratio	-16.81	1.17	3.14	0.85	-25.93	-1.15
Asset Turnover	0.03	0.38	0.50	1.35	1.53	-
Quick Ratio	0.12	5.15	7.65	4.97	22.23	24.42
Current Ratio	2.04	5.52	7.84	5.01	22.26	24.62
Return on Equity (ROE)	56.66%	-58.53%	-106.41%	-267.11%	-1134.33%	-
Return on Assets (ROA)	23.14%	-33.01%	-53.06%	-67.30%	-50.77%	-
Return on Capital Employed (ROCE)	22.70%	-77.20%	-56.70%	-152.00%	-59.40%	55.30%
Earnings Yield	67.48%	-39.71%	-32.77%	-	-	-
FCF Yield	-6.95%	-35.51%	-15.51%	-	-	-
Payout Ratio	-	-	-	-	-	165.89%
Buyback Yield / Dilution	-82.80%	-32.05%	-22.80%	-3.43%	-	-

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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