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SUSHI had $3B of DEX volumes in June, and is on pace for $27B in May, 9x that in Dec. Trading fees over the past 30 days are $68.1MM, with $11.4MM directed to XSUSHI stakers. With $587MM staked, that's a PE ratio of 4.3 at current prices. The S&P500 avg is 44.2
What about staking coins that start with an X? Like XSUSHI, XBOO, XTAROT, etc?
I haven’t looked into how the AAVE or BAL tokens work, but to just buy CRV or SUSHI is completely missing the point in my opinion. These are tokens that you stake on their respective platforms to earn transaction/incentive fees on top of your base CRV/SUSHI tokens. In both cases there are platforms where you can deposit the interest-bearing staked version of those tokens to earn even more. If the value of the base token goes up then you’re getting value from that, but your main value is coming from levels of staking earning you a cut of various platform fees at each level. Both Sushi and Curve exist on many blockchains, but you can only stake their core tokens on Etherium mainnet, which is a big barrier to entry. Both have popular equivalents on the Fantom chain, so you can learn how both systems work with a very small amount of money. IMO it’s the best way to learn, so I’ll point in that direction and if you aren’t interested then you can skip the rest of this post. Those Fantom platforms are called SpookySwap (tokenomics similar to Sushi) and SpiritSwap (tokenomics similar to Curve). In Spooky, you would stake BOO (like SUSHI) to get XBOO (like XSUSHI), and farm XBOO to get rewards in a choice of several tokens. In Spirit you would lock SPIRIT for a chosen period of time (like CRV) to get inSPIRIT (like veCRV), which earns you rewards of more SPIRIT and increases your farming APR in some liquidity pools. The Avalanche chain has TraderJoe, which also works similarly to Sushi. Disclaimer: I use Trader Joe and Spirit Swap.