$XPL is consolidating at 8 billion dollar FDV in pre-market trading 🤯 https://t.co/X2K7csmBlw ...

Revenue Performance - Hyperliquid achieved $102.5 million in revenue and a new all-time high (ATH) [1] - Ethena generated $77 million in revenue, doubling Hyperliquid's revenue from the past week [1] - Pump recorded $47 million in revenue, nearly 50% of Hyperliquid's revenue [1] Valuation Comparison - Ethena's revenue is 2x Hyperliquid's with only 1/5th of Hyperliquid's Fully Diluted Valuation (FDV) [1] - Pump's revenue is nearly 50% of Hyperliquid's with only 1/12th of Hyperliquid's FDV [1]

WLFI launching with 24.67B tokens circulatingMuch higher than previously expectedMeans the WLFI market cap is opening at $6.9B and $28B FDV https://t.co/rW8exRehws ...

Market Valuation - The report questions whether WLFI will trade over $50 billion FDV in its first week [1]

Market Valuation - Linea's FDV (Fully Diluted Valuation) is notably high despite low pre-market volume [1] - Pre-market valuation reached a minimum of $35 billion [1] Market Sentiment - Speculation exists regarding who is acquiring Linea tokens at such high valuations [1] - Uncertainty surrounds Linea's potential and whether it justifies the high FDV [1]

Even if you look at it as FDV vs market cap, $500M USD doesn’t sound crazy yet. But as always, be responsible with your muunies please https://t.co/5tVWmjgMgz ...

Market Valuation - WLFI opening with a fully diluted valuation (FDV) of $38 billion premarket on Hyperliquid [1]

Market Overview - The DeFi sector is witnessing an ongoing battle for market share between Aave and Morpho, the top two protocols based on active loans [1][2] - The competition between Aave and Morpho is incentivizing users with attractive borrow/supply yields, benefiting DeFi users [2] - DeFi is expected to benefit from the competition between Aave and Morpho [2] Key Metrics Comparison - Aave has a significant lead in active loans with $26 Billion compared to Morpho's $32 Billion (weekly averages over the last 12 months) [2] - Aave's TVL is $57 Billion, significantly higher than Morpho's $77 Billion (weekly averages over the last 12 months) [2] - Aave generated $663 Million in fees, while Morpho generated $129 Million (weekly averages over the last 12 months) [2] - Despite Aave's dominance in key metrics, its FDV is $44 Billion compared to Morpho's $20 Billion [2] Ecosystem & Notable Differences - Aave is deployed on 11 chains, while Morpho is deployed on 6 chains [2] - Aave has $35 Billion of TVL in $ARB and $AVAX, where Morpho has no presence [2] - Morpho has $1 Billion of TVL in @katana and $HYPE, where Aave has no presence [2] - Morpho has Coinbase support, potentially providing a significant advantage by allowing users to use their DeFi products [2]

Buyback Models - Fluid DAO 将投票决定从 10 月 1 日开始实施的回购模型 [1] - 三种模型包括动态 FDV 曲线、30 天 TWAP 以及混合模型 [1] Dynamic FDV Curve Model - 当 FDV 小于 5 亿美元时，100% 的收入用于回购 [1] - 随着 FDV 上升，分配比例降低 [1] - 旨在支持被低估的 Token，但存在“价格天花板”的风险 [1] 30-day TWAP Model - 如果 Token 交易价格低于 30 天平均价格，则使用收入进行回购 [2] - 如果高于 30 天平均价格，则不进行回购 [2] - 旨在逢低买入，并在强势时节省现金 [2] Hybrid Model - 混合模型结合了动态 FDV 曲线和 30 天 TWAP 两种模型 [3] - 在牛市中，当 Token 价格上涨时，回购最少，以便更多收入可以用于建设国库 [3] - 在熊市中，FDV 曲线启动，在 Token 被低估时分配更多资金用于回购 [3] - 旨在避免在顶部浪费现金，同时在底部介入以支持价格 [3]

Token Unlock Schedule - Insiders face a 1-year lockup period [1] - After the initial 12 months, 25% of insiders' tokens unlock [1] - The remaining 75% of tokens unlock semi-annually over 36 months, with 12.5% unlocking every 6 months [1] - The total vesting period for insiders' tokens is 4 years [1] Tokenomics Implications - The token launch is expected to have a low float and high Fully Diluted Valuation (FDV) [1]