@forbiddenone

Speculated to be Lighter FDV for Hari and Aster Protocol Comparison (based on DefiLlama data) - Hyperliquid: 24-hour trading volume approximately $836.6 million, open interest approximately $742.2 million, 7-day trading volume approximately $4.7119 billion - Aster Perps: 24-hour trading volume approximately $803.3 million, open interest approximately $262.6 million, 7-day trading volume approximately $4.7833 billion - Lighter Perps: 24-hour trading volume approximately $820.6 million, open interest approximately $184.2 million, 7-day trading volume approximately $5.6482 billion Features - Lighter's trading volume is comparable to or even higher than similar products, but its open interest is lower. - Extremely high turnover structure (high trading volume but low open interest) Token FDV - HYPE FDV: Approximately $2.887 billion - ASTER FDV: Approximately $750 million FDV ÷ Open Interest Multiple Calculation - Aster: 750 million ÷ 2.626 = 2.86x - Hyperliquid: 288.7 million ÷ 7.422 = 3.89x Open Interest Applying Lighter ($184.2 million) - Conservative Estimate (Aster Multiple): 184.2 million × 2.86 = $526 million - Upper Limit Estimate (Hyperliquid Multiple): 184.2 million × 3.89 = $717 million Final FDV Scenario - Bearish: $526 million (Open Interest × Aster Multiple) - Neutral: $683 million (Middle Multiple × Trading Volume + 10%) - Bullish: $824 million (Hyperliquid Multiple × Trading Volume + 15%) ✍️ TGE seems to be really close, so I compared it with other Puffdex tokens and Lighter's FDV. If there's enough hype initially, over $10 billion isn't entirely impossible.

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