$TIA 520 million US dollars in full-load annual revenue, corresponding to over 5 billion FDV market value, the price-to-sales ratio has exceeded a thousand times. Despite the significant drop, the valuation is still very high. Perhaps the crypto world doesn't really emphasize fundamentals. One reason why the altcoin season hasn't arrived yet is that many projects have already grown very large, and their valuations have reached dream-like market rates.