Regarding Predict’s valuation, is $2B pre-market high? Honestly, I think at this stage, it’s normal—and even a bit low. The main reason is Predict’s revenue: it’s currently generating nearly 80 million per day. For context, Lighter’s daily revenue is only around 15 million, while LIT’s FDV sits between $3B and $4B. Moreover, as @ricardogee pointed out, Predict’s revenue isn’t fabricated. Having operated as a market maker on Predict ourselves, we know that users trying to game the system by simply taking orders to rack up points is the dumbest strategy—it leads to massive losses. On Predict, bots simply can’t contribute fees to earn points. The only possible explanation? An increase in genuine users and capital, leading to higher taker volume—and thus higher revenue. This stems from Predict’s product, distribution channels, and market efforts (and let’s be honest, competitors are falling further behind). Additionally, I suspect Predict’s circulating supply at launch is smaller than LIT’s, meaning its FDV relative to circulating supply should be significantly higher. So $2B is low. Yeah, I’m hoping for a $5B pop at launch—I’m hungry and want to sit down for a good meal this Lunar New Year.