FDV of L2s with close to $1bn TVL:
Manta - $3bn
Starknet - $18bn
Metis - $1bn
Mantle - $5bn
Almost consensus now that Blast will launch with ~$5bn FDV. But don't think the market has priced in FraxChain launch with >$1bn TVL and consequently multi-bn FDV.
Hypothetical academic exercise.
If Fraxchain drops a token to veFXS holders, whats the value of FraxChain as a % of veFXS holders' veFXS holdings' value?
- 50% of FXS is locked as veFXS
- veFXS mkt cap = ~$320mn
🤔🤔🤔