The valuation trend of Solstice Finance is quite interesting. Two months ago, someone priced this project based on $500M FDV, and now Polymarket's odds indicate that the SLX token might fall below $100M FDV on its first day of launch. The market's expectations have shifted quite dramatically.
This raises a question: is $50M FDV too low for a protocol with over $300 million in locked assets? That logic seems to be flawed.
Looking at Huma Finance as a reference might give us some insights. However, this also reflects the significant differences in market valuation standards for various DeFi projects. What does everyone think about this contrast?
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The valuation trend of Solstice Finance is quite interesting. Two months ago, someone priced this project based on $500M FDV, and now Polymarket's odds indicate that the SLX token might fall below $100M FDV on its first day of launch. The market's expectations have shifted quite dramatically.
This raises a question: is $50M FDV too low for a protocol with over $300 million in locked assets? That logic seems to be flawed.
Looking at Huma Finance as a reference might give us some insights. However, this also reflects the significant differences in market valuation standards for various DeFi projects. What does everyone think about this contrast?