Annualized protocol revenue divided by market cap, ranked by yield. The signal: a token priced below the cash flows it actually produces.
| # ▼ | Protocol | Category | Tier | Yield % | Ann. Revenue | Market Cap | 7D |
|---|
The full scanner shows the top 50 by yield. My highest-conviction, hand-vetted findings — the ones I’m actually positioned in — I share only with $99 lifetime members.
The Earnings Yield Scanner identifies protocols whose annualized revenue significantly exceeds their market capitalization, a signal that the token may be undervalued relative to the protocol’s actual cash flows.
Revenue is defined as the portion of fees that accrue to the protocol or token holders (not to liquidity providers). This is analogous to net income in traditional finance, making earnings yield comparable to an inverted P/E ratio.
A yield of 20%+ (Hyperliquid-grade) means the protocol earns more than 20% of its entire market cap per year in revenue, an extreme signal of potential undervaluation, but also potentially a sign of low market confidence, smart contract risk, or unsustainable fee generation.
Revenue and market-cap figures are sourced live from DefiLlama and refreshed daily. Treat them as a screening signal, not gospel: revenue accounting varies by protocol type, and for prediction markets, perps, and notional-fee venues the reported figure can run high. Always verify against primary sources before acting.