Protocol with the lowest P/E ratio (FDV/Annualized Fees):

@PancakeSwap: 0.74

@LidoFinance: 1.47

@jito_sol: 2.34

@GMX_IO: 2.63

@RaydiumProtocol: 3.71

@sparkdotfi: 4.59

@AerodromeFi: 6.45

@VenusProtocol: 6.46

@Uniswap: 6.49

@KaminoFinance: 6.76

There's significant focus on revenue-generating projects, making it worthwhile to place them on a separate watchlist.

Funny fact, $TSLA has a 186 P/E.

Data: @dyorcryptoapp