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wyck ๐Ÿ“ด
@wyckoffweb
sharing web3 knowledge since 2018 | founder @originalworkshq.
๊ฐ€์ž… July 2022
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I think this is yet another reason $SOL looks crazily undervalued around $78. $HYPE currently has a higher FDV than SOL. Now look at this again. Hyperliquid is an entire L1, yet 4 individual apps built mainly on Solana are doing more 24h revenue than it. Of course, one day of revenue doesnโ€™t decide what a chain should be worth. But if apps sitting on top of Solana can build businesses doing numbers like this while SOL itself has a lower FDV than HYPE, then I genuinely think the market is undervaluing SOL here.
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