#Ferrum currently has a market cap of 5.6 million dollars and a fully diluted valuation of 16.1 million dollars.
This means around 35% of the supply is currently in circulation.
3) $AXS
#Axie currently has a market cap of 1.2 billion dollars and a fully diluted valuation of 2.8 billion dollars.
This means around 43% of the supply is currently in circulation.
4) We have 2 things to consider:
• The market cap valuation.
• The fully diluted valuation.
$FRM only has a market cap of 5.6 million while $AXS has a market cap of 1.2 billion.
$FRM has a slightly lower circulating supply ratio than #$AXS.
5) Even when we take the full release of all tokens into account however, $FRM still only has a 16m market cap.
When we take the full release of all tokens into account, $AXS has a market cap of 2.8 billion.
6) Lower or higher valuations on its own doesn't say a lot.
They only mean anything if you put the scope and target audience of the project into account.
7) $FRM is an interoperability project looking to connect blockchains.
Experience has taught us that their valuation is criminally undervalued to its potential.
$AXS is a play to earn game.
Although it's a really popular one, in the end it's still a really basic looking game.
8) While we can debate on its future potential or not it's hard to argue the potential return on investment of a game with a 2.8 billion being larger than an interoperability focused protocol with just 16m.
Looking at the fully diluted value that is.
⏩ $FRM has my vote here.
9) Shoutout for taking the effort and posting your findings:
1) With the launch of #Arbitrum and the upcoming blockchain from coinbase (#base) layer-2 protocols without their native token in gas fees have become more popular.
Another protocol that follows this niche is @LightLinkChain 🧵👇
2) #LightLink is a Layer 2 blockchain secured by Ethereum, purposefully built for Metaverse, NFT and Gaming applications.
It promises:
• Low cost
• High speed
• Effortless scale
Their chain is secured, and decentralised by Ethereum.
3) By choice #LightLink does not use its own token for gas fees.
Instead it uses $ETH to process transactions to remove the hurdle of having to always swap to other coins to use a chain.