Cosmos-based Stride has been on a roll lately. Despite the prolonged market-wide bearish trend, Stride’s governance token – STRD – has surged 330% year-to-date. According to a recent Nansen report, the protocol currently commands more than 80% of the market share within the Cosmos ecosystem. STRD has a market cap of around $72.29 million and an FDV of $82.58 million, making its FDV/TVL ratio just 2.1.
Source: Chayanika Deka, 2023-10-09; https://cryptopotato.com/cosmos-based-stride-governance-token-strd-surges-330-ytd-outperforming-eth-and-ldo/