Thales deposits liquidity into marketplaces and receive fees from traders (revenue). The funds collected are used to buyback and burn the THALES governance token.

Thales is a non-custodial exchange for parimutuel contracts built on Optimism, Arbitrum and Polygon. Thales was founded by Danijel Gornjakovic and was launched in December 2021.

THALES tokenholders own and govern the protocol. Thales’ investors include Framework Ventures, Apollo Capital, etc.

governance

github

twitter

discord

etherscan

website

Derivative exchanges

Thales

# P/S ratio (fully diluted) Methodology

## Overview

P/S ratio (fully diluted) measures the fully diluted market cap relative to annualized revenue retained by the project. It shows how highly the project is valued relative to the portion of user-paid fees it captures.

${market_cap_fully_diluted} / (rolling_avg(${revenue}, 30) * 365)

Fully diluted market cap relative to annualized revenue.

ThalesTHALES

P/S ratio (fully diluted)

P/S ratio (fully diluted)

Competitive landscape