It's funny because when TradeXYZ was printing insane amounts of volume on RWA, everyone would have valued it around 5-10B But now Variational flipped it, and because it's not linked to Hyperliquid, everyone is talking about a 1,5B valuation You don't get it, the fact that it's not a project building on Hyperliquid makes it way more valuable I would say 2-3B FDV at TGE, maybe some dips then up only to 10B FDV
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