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![AleaResearch Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1555515751267811328.png) Alea Research [@AleaResearch](/creator/twitter/AleaResearch) on x 22.5K followers
Created: 2025-07-21 16:45:39 UTC

Key Takeaways:

- $EUL ownership is shifting from VC to liquid fund dominance as fundamentals improve.

- P/F (FDV and MC) valuation multiples have compressed by ~80% YTD, now trading significantly below their historical averages.


XXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1947337183976952131/c:line.svg)

**Related Topics**
[dominance](/topic/dominance)
[liquid](/topic/liquid)
[$eul](/topic/$eul)
[coins lending borrowing](/topic/coins-lending-borrowing)

[Post Link](https://x.com/AleaResearch/status/1947337183976952131)