@smart-farmer

Perp DEX points & OTC floors Part 2/2 🔹Backpack → Hybrid Cex - Solana - raised $37M → Orderbook CEX + Solana infra expansion → OTC floor: $0.19 per point 🔹Reya → Arbitrum + own L2 infra → Liquidity infra + perp market structure → OTC floor: $0.02 per point 🔹 Ethereal → Perp Infra, backed by Ethena → OTC floor: $0.01 per point OTC volumes are still low, so these prices don’t define true VALUATIONS, just useful to track how private markets are marking these ecosystems. > Now, are these prices cheap? It depends. For several of these protocols, community expectations and private estimates imply much higher valuations per point. OTC just gives you actual clearing prices where transactions happened but keep in mind that: - volume = low - participants = limited - pricing = not final Still, it’s one of the few places where you can see real bids/asks instead of pure narratives. I’ll try to update this every once

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