Projects with real income in the crypto world are already few. $TRIA is a P/S of 1.65x, with a market cap$33M ARR$20M that is cheaper than many SaaS companies. The closed beta ran for four months with $100M in trading volume. Visa card spending$30M averages each user to swipe$2000 per month. This is not just a PPT. Technically, it follows the EigenLayer approach. BestPath AVS is building cross-chain payment routing with over 70 protocol integrations. AI-driven Pathfinder competition mechanism, not just a simple aggregator.

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