2025-12-11 08:21:11

I still hold my stable short position. In this bear market, I plan to go all-in on large-cap altcoins like this.

Just look at the data to see how ridiculous it is—FDV is still at 1.7 billion, only two days since mainnet launch, and the on-chain transaction fees in the past 24 hours have skyrocketed to 2.5U. What about the P/E ratio? It’s simply impossible to calculate.

TVL is less than 1500U, TPS is only 0.1. Even more shocking is the treasury data on Morpho: the Stable chain’s on-chain TVL is only 18U, with a yield of -0.01% APY, a clear loss-making business.

With these fundamentals, who else should I short if not it?

STABLE-20.33%

MORPHO-3.67%

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RumbleValidator

· 12-12 23:22

Data is slap in the face, 1.7 billion FDV versus 18U TVL, the gap is huge... Node validation efficiency hasn't kept up, it really needs to be liquidated.

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WhaleWatcher

· 12-12 07:14

1.7 billion FDV in just two days, this is really pathetic, I can't help but laugh --- Transaction fees collapsing to 2.5U, how bad does it have to be --- With a TVL of over a thousand, still dare to boast, I see a complete bear market --- Morpho is already losing money, and people are still taking over? --- Sticking to knockoff projects is indeed刺激, but these numbers are truly shocking --- P/E can't be calculated, which means there's nothing to see here --- Wait a minute, TPS is only 0.1? Is this a public chain or a relic --- I've never seen a negative yield rate before, definitely a trap for retail investors --- Waiting for a short position to be liquidated, honestly, it feels pretty good --- The mainnet's outcome in just two days, what is the development team thinking

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PebbleHander

· 12-11 10:19

I really think these numbers are amazing; the 18U TVL made me laugh to death.

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MEVHunterWang

· 12-11 08:51

Bro, looking at this data makes my mouth water. It's definitely a bankruptcy machine.

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SybilSlayer

· 12-11 08:49

Looking at these data, I really should laugh. The mainnet's fees collapsed to 2.5 dollars in just two days, how embarrassing. Wait, TVL is only 1500U? Isn't that just an empty shell? How dare they still list a 17 billion FDV. That's why I stubbornly hold onto my short positions and don't let go. Some projects are rotten to the core. I've never seen a TVL of 18U before, it’s hilarious. The yield must be so bad it’s embarrassing. You can't really make money relying on fundamentals, but people who use such trash to cut leeks are never short of. Your move is indeed aggressive, but I usually just watch this kind of project. If you're going all-in, you still need to be cautious. The mainnet just launched like this, and I guess there will be even more extreme ones in the future. Keep observing.

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GateUser-a180694b

· 12-11 08:40

18U's TVL hahaha isn't that just a joke

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DecentralizedElder