2025-12-26 11:26:55

The valuation model in the crypto industry is quietly changing. In the past few cycles, narrative ability was almost the decisive factor for project valuation, but as returns decline year by year and failure cases increase, this approach has become less effective.

Where is the problem? Key information about projects has always been scattered—there is no unified benchmarking framework, making it difficult for investors to compare horizontally. And transparency? More often than not, it still relies on subjective judgment, lacking hard metrics.

This is why more and more people are beginning to focus on the fundamental data of projects. No longer just listening to stories, but looking at real operational data, financial indicators, and on-chain performance. Establishing a quantifiable and reproducible evaluation system is an advancement for the entire industry.

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MidsommarWallet

· 10m ago

To be honest, narrative deception has fooled me too many times. It's time to wake up. Fundamental data is the real key; listening to CEOs boast is much less effective. Selling plans again? The day data becomes transparent is probably in the Year of the Monkey. Sounds nice, but it really depends on who can tell the story. Really? Finally, someone dares to say this. It should have been done like this a long time ago.

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DaoTherapy

· 3h ago

Honestly, it was about time to do this; otherwise, every time we get scared off by the scythe. --- Data speaks for itself. The era of just bragging is over. --- Has the era of cutting leeks through storytelling really ended? I still see a bunch of scattered projects hyping up. --- Quantitative systems are easy to talk about, but who can really develop them... --- Finally, someone hit the pain point. The era of investors being blind should come to an end. --- It still depends on whether on-chain data can be deceptive. Anyway, I don't trust those subjective judgments. --- I've long thought this gameplay was rotten, and it's a bit late to start reflecting now. --- The problem is, who will build the standardized framework? It’s still those big institutions who call the shots. --- I'm just worried they'll come up with a new scam, and just change the name to "fundamentals" to keep ripping off.

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MEVHunter

· 8h ago

nah honestly the narrative cope era is finally dying, thank god. been saying this for like 2 years while everyone's still chasing stories lmao. now they want "hard metrics"? should've been monitoring mempool flow and on-chain signals from day one but sure, better late than never i guess

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OldLeekConfession

· 8h ago

Honestly, another person who has been wrecked is now talking about "looking at the data." I don't believe you. You've had so many failed stories, are you finally learning to be smart? Data can also be faked, don't deceive yourself. It should have been like this a long time ago, but unfortunately, how many people have already suffered heavy losses? Fundamentals? If big V influencers really understood this, they wouldn't be blindly hyping up coins.

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DaisyUnicorn

· 8h ago

Someone finally said it: the era of storytelling is truly over. My friends who were misled by narratives are now just wasting time in self-help guides for liquidation.

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AirdropHermit

· 8h ago

To be honest, the storytelling approach should have been phased out long ago, but luckily some people are still praising it. Data is the real king, but the problem is, whose data can we trust? Finally, someone has spoken clearly, which is much better than those flowery words. In terms of fundamental data, domestic projects are still far behind. I've heard too many stories and ended up not making a single cent; now I only trust on-chain data.

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DataOnlooker

· 9h ago

No matter how good the story is, it can't trap the retail investors anymore; we need to look at real data. The fundamentals have indeed been neglected for too long. It's not too late to realize that now, right? It's still the same old story; narratives without solid indicators are just air. Finally, someone has explained this clearly. Transparency is indeed a stubborn problem. Data is king, and this time it's the real deal. You can't fool me anymore.

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