@yri911
Variational FDV is undervalued. Open your eyes!
1. This new perp protocol has zero fees, a smooth interface, and a deep order book. That’s why it shouldn’t die one minute after the TGE and airdrop.
2. Here are the top perp protocols and their current valuations:
→ Hyperliquid (HYPE) - $23.6B FDV
→ Aster - $5.75B FDV
→ Lighter - $2.65B FDV
If Variational’s TGE were happening soon, we would definitely see a valuation above $1B. But with more than half a year left until TGE, the valuation will heavily depend on overall market conditions.
3. The leaderboard is dominated by whales with large volumes and strong PNL, which means the project is already convenient to use, not just a money-laundering scheme run by two student devs.
4. It’s currently the top1 perp protocol for farmers, which means it will have strong mindshare.
Based on all of the above, my pick is: FDV > $1B YES at 35–38c.
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