Equivalent to earning 2 billion
An 80 valuation is just 4x, still bought it cheaply, and can still push a bit higher.
I chased Plasma when it opened at around 0.8, with an FDV of 8 billion and a considerable airdrop. Normally, I wouldn't chase a new coin like this. But I thought about one issue: USDT spends over 700 million dollars a year on transaction fees in Tron, and it will be even more for Ethereum (gas is more expensive). Assuming the total USDT gas fee market is 2 billion dollars a year, now that USDT has launched its own Plasma chain to capture this revenue, is an 8 billion FDV still expensive?
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