The post Pantera Redefines Token Fundamental Analysis with the New DAT Dashboard appeared on BitcoinEthereumNews.com.

Pantera introduces the new DAT Dashboard, a platform that provides fundamental analysis, sentiment, and issuance discipline to evaluate digital assets with greater transparency. How Does Pantera’s New DAT Dashboard Work? In 2025, digital asset tokens (DAT) have entered the mainstream, with a market capitalization among tracked tokens amounting to $117 billion. Many investors have focused solely on mNAV, overlooking the real value drivers. The new DAT Dashboard by Pantera Capital aims to bridge the gap. It provides insights into token fundamentals, market sentiment, and the management’s issuance discipline. Breakdown of Growth Drivers The model breaks down price movements into three components: growth of the underlying crypto activity, crypto held per share (crypto-per-share), and sentiment. This way, it becomes clear whether a token is accumulating real value or merely reacting to market fluctuations. However, according to Pantera, many declining tokens primarily reflect a deterioration in sentiment, not a worsening of the underlying assets. This distinction helps to avoid confusing market cycles with the structure of fundamentals. Issuance Discipline and “DAT Flywheel” The dashboard also evaluates issuance behaviors, checking if management issues new shares prudently. DATs tend to succeed when capital is raised at a premium, increasing the treasury without diluting current holders. Moreover, reflexive cycles — the so-called “DAT flywheel” — reward disciplined operators who defend value per share during bear phases. Data shows that entities like Bitmine maintain rigor, while other projects dilute aggressively, weakening long-term sustainability. The “DAT Flywheel” presented by Pantera Research Lab. Source: Decoding DATs Beyond mNAV What signals are offered on DAT tokens? By combining fundamental metrics and managerial discipline, the framework evaluates both intrinsic value and treasury strategy. This allows investors to distinguish between DATs that accumulate value and those that are more fragile. Furthermore, Pantera emphasizes the importance of a structured data infrastructure for…

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Filed under: News - @ November 14, 2025 9:23 am