1d ago
Realised most apes won’t ever read all the details.
TLDR:
@Lighter_xyz is at an implied $5-$10B valuation based on FDV/TVL estimates.
Aka $105-$250 per point
1d ago
Some fun math exercise for @Lighter_xyz’s potential token valuation.
Since TVL and OI are the key KPI metrics according to @vnovakovski, then I’m guessing how they will estimate valuation will be based on these 2 metrics (and also revenue data but we cannot accurately estimate that right now).
I will benchmark them using FDV/TVL ratio to compare relative valuations. For FDV/OI ratio, has a really good gauge here:
If we look at the FDV/TVL ratio of various Perp DEXes with live tokens as of 25 Oct, it would look something like this:
10.26K
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