On @MMTFinance
I estimated the FDV based on TVL,
and applied it to the Haedal project, which is in the same DeFi sector.
Haedal: TVL 177M -> FDV 137.89M
It's a lower figure than the conservative standard (1:2).
Is this the bottom for Haedal?
Momentum MMT CLMM ve(3,3)
Expected FDV based on TVL from @MMTFinance
TVL $153.69m
FDV ratio compared to the average TVL of DeFi projects (TVL:FDV Ratio)
Conservative standard (1:2) → FDV approximately $300M
Mid-level (1:3~1:5) → FDV approximately $450M ~ $750M
Optimistic / Top DeFi level (1:7~1:10) → FDV approximately $1B ~ $1.5B
Actual application example
Velodrome (Optimism) FDV is about 4~5 times compared to TVL
Pendle initially at 1:1~2 level → currently over 1:10
4.72K
3
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