There is an interesting staking yield structure in a project—7-10% APR entirely derived from protocol fees rather than token issuance, which means the sustainability of the returns is stronger. The growth data this year is also impressive, with a YTD YoY increase of 316%, and real enterprise clients like Swiss Railways and BSI are already using its DKG technology in production environments.

What’s even more noteworthy is the valuation discrepancy. This project currently has a market cap of only $199 million, while a leading data index project has a market cap of as much as $2.5 billion, which is a significant and somewhat unreasonable gap. Especially considering the depth of enterprise-level application deployment, it seems to be seriously undervalued by the market. Additionally, 20% of the supply in the ecosystem is already locked in staking to generate yields, indicating that token holders still have confidence in its long-term value.