Aave trades at the lowest valuation multiples among major DeFi lenders, pointing to a notable pricing gap versus Morpho, Compound and Sky. On gross revenue, Aav

Aave trades at the lowest valuation multiples among major DeFi lenders, pointing to a notable pricing gap versus Morpho, Compound and Sky. On gross revenue, Aave is at 1.0x versus 6.6x, 4.3x and 3.2x; on net revenue, it is 7.6x versus Compound’s 71.8x.