L1 DAUs can be inflated by bots, but it’s notable that Helium’s 1.16M (real) daily active users surpass the combined DAUs of Ethereum, Toncoin, and Arbitrum. $HNT's market cap is approximately 0.14% of the combined value of these L1s.
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∑: MAGIC (Ø,G)(✧ᴗ✧)(❖ , ❖)🕯️
Lighter Point Value Estimation
A well-known user in the @HyperliquidX community has shared his estimation of @Lighter_xyz's point value.
(He previously predicted Hyperliquid points would hit $50 pre-TGE — it is now worth around $250 each.)
1️⃣ Estimated value per point : $15–$20
2️⃣ Valuation based on OI, not FDV
3️⃣ Referenced Hyperliquid as a benchmark, while also factoring in Lighter team quality
I personally agree with the overall approach — especially valuing based on OI rather than FDV.
He mentioned that if the bull market continues, the value could potentially reach $100 per point.
While I’m not sure about $100, I do believe it will be worth more than the current OTC price of $5.
Lighter
Derteil.hl
I think we're close enough to @Lighter_xyz TGE to calculate the possible value of one point.
The market is hot, the end of the beta season is very soon, and the public mainnet season will probably be very short.
Everyone calculates airdrop value based on the FDV, but in a real bull market, FDV is just a meme. What we will focus on here is only the initial mcap.
As in my previous points value calculation, we won't take into account volume, as Lighter is a 0% fees platform, and I think there may be a lot of wash trading bots (they are being flagged anyway).
The best metric to consider while thinking about it is OI. I was also considering calculating the value based on the TVL, but with such great LLP performance, I don't think it's good to include it (people just deposit into the vault and don't trade with this money).
Hyperliquid just had another ATH of OI, and it's around $11b. Lighter's OI is at $236M. There are obviously people farming it, who may leave after the first points season, but Lighter is still in its closed BETA, and I still see many people asking for an invite code on Twitter (you will probably see them in the comment section of this tweet as well), so I think it's safe to assume this amount as the organic OI Lighter generates.
The CEO of Lighter mentioned on one space (if I remember correctly) that they want to give 50% to the community through an airdrop, though I don't expect it to be only for the season 1 activity. I would expect them to airdrop between 25-30% of the supply.
What's more important is that I don't think any other form of supply will be released on day 1 of TGE. It means that the rest of the tokens aside from the airdropped ones will be locked/vested and won't be counted at the beginning in the mcap.
The Hyperliquid airdrop was special, and I don't think Lighter will be even close to that, but let's stay realistic: the perps space is big enough for more than one protocol.
HL airdropped $16.2b to its users at the current price. If we try to calculate the value of the Lighter airdrop based only on the OI, it would give us a $350m airdrop from Lighter. Though Hyperliquid is quite different from anything else. The first protocol in the space to do it in the correct way for its users. Hyperliquid is also a chain on its own, but I don't think this plays a crucial part in the price of $HYPE, as it mostly comes from the perps exchange.
People are trading Lighter points for $5, and we will have around 10m points in total. If I'm right and 100% of circulating supply at TGE goes for an airdrop, it means that people price Lighter's mcap at $50m, which means that it would sit at place 741 on Coingecko and be worth less than many useless protocols.
The Lighter team isn't random. Those guys are from top universities and are locked in. That's what built my conviction to farm HL at the beginning of my journey with perps.
That being said - I think Lighter points will be worth around $15-$20 at the beginning, going as high as $100 if the market doesn't stop its bull run, giving Lighter a mcap similar to Sonic or Virtuals.
Do you think fund managers will fade exposure for one of the top perps platforms in the emerging markets after seeing Hyperliquid's success?
Higher.
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abhay 🎈
Approaching DAU counts of real communities like @base. See you soon, @jessepollak!
slooth
L1 DAUs can be inflated by bots, but it’s notable that Helium’s 1.16M (real) daily active users surpass the combined DAUs of Ethereum, Toncoin, and Arbitrum. $HNT's market cap is approximately 0.14% of the combined value of these L1s.
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amir
TIL that @helium has more DAU than many L1's combined
higher, faster
(thanks slooth)
slooth
L1 DAUs can be inflated by bots, but it’s notable that Helium’s 1.16M (real) daily active users surpass the combined DAUs of Ethereum, Toncoin, and Arbitrum. $HNT's market cap is approximately 0.14% of the combined value of these L1s.
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Jerome de Tychey 🦇🔊
3,579 TPS over 24 hours?!
Probably nothing, #Ethereum.
fabda.eth
Ethereum Ecosystem just hit an all-time high of 3,579 TPS over 24 hours.
Incredible to witness L1s and L2s scaling together.
The world is coming onchain, and we’re building for it.
s/o to a great dashboard from @growthepie_eth
The current price of Optimism is $0.67400. Since 00:00 UTC, Optimism has increased by +3.04%. It currently has a circulating supply of 1,752,186,819 OP and a maximum supply of 4,294,967,296 OP, giving it a fully diluted market cap of $1.18B. At present, Optimism holds the 32 position in market cap rankings. The Optimism/USD price is updated in real-time.
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To tackle scalability issues and high transaction costs on the Ethereum network, Optimism has emerged as a compelling Layer 2 solution. Functioning as an off-chain network layered on top of Ethereum, Optimism extends the capabilities of the blockchain. Fueled by its native token OP, the platform aims to alleviate Ethereum's challenges and enhance its performance.
What is Optimism
Optimism (OP), also known as Optimistic Ethereum (OE), is a Layer 2 solution built to address the scalability issues of the Ethereum network. At its core, Optimism utilizes a technology known as optimistic rollups. This technology bundles, or rolls up, multiple transactions into a single transaction, significantly improving the speed and cost of transactions. As Optimism is built on top of Ethereum’s architecture, developers and users can make use of the speedy and low-cost transactions whilst having the security of the Ethereum blockchain.
The Optimism team
The Optimism team comprises a group of dedicated blockchain experts, including Jaynti Kanani, Jinglan Wang, Ilya Polosukhin, Ben Jones, Paul Hauner, and Matteo Rizzi.
How does Optimism work
When a user initiates a transaction, it's executed on the Optimism network rather than directly on the Ethereum mainnet. Throughout this process, Optimism maintains communication with Ethereum's Layer 1 and leaves the original network unchanged. This is achieved through optimistic rollups, which consolidate multiple transactions into a single batch submitted to Ethereum.
By adopting this approach, the computational burden on the Ethereum mainnet is lessened, resulting in faster transaction speeds and lower gas fees. Ultimately, Optimism plays a pivotal role in alleviating strain on the Ethereum network, consequently reducing congestion and associated high fees.
Optimism’s native token: OP
OP is the token of the Optimism ecosystem, crucial in securing and powering the Optimism network. The token also serves as incentivizes and rewards for validators who correctly process and confirm transactions. Validators are able to stake OP tokens as collateral, which can be confiscated if they act maliciously.
OP tokenomics
There is a maximum supply of 4,294,967,296 OP tokens. The supply of OP tokens is carefully controlled and released into the market via strategic allocation methods such as staking rewards, developer incentives, and ecosystem grants. This approach ensures a balanced and sustainable distribution of tokens, maintaining the long-term stability and health of the Optimism ecosystem.
OP use cases
The primary purpose of the OP token is governance. This encompasses various essential functions, including allowing token holders to cast votes pertaining to proposed updates to the protocol as well as distribution of incentives for projects through the Governance Fund. Additionally, it facilitates the funding of projects hosted on the Optimism platform. OP holders are also allowed to engage in project management alongside other OP Citizens.
Distribution of OP
OP’s distribution is as follows:
25 percent: Ecosystem fund
20 percent: Retroactive Public Goods Spending (RetroPGF), an experimental spending mechanism designed to align with OP's objective of equating impact with profit.
19 percent: Airdropped to the community
19 percent: Awarded to core contributors
17 percent: Given to investors
Optimism: The road ahead
On the project's horizon is the launch of a public mainnet, marking a significant milestone that will elevate Optimism's capabilities. Looking ahead, Optimism aims to become the leading Layer 2 scaling solution for Ethereum. The project envisions a future where Ethereum's transaction processing capabilities skyrocket to millions per second while upholding its foundational principles of security and decentralization.
Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 2.9K new posts about Optimism, driven by 1.1K contributors, and total online engagement reached 278K social interactions. The sentiment score for Optimism currently stands at 92%. Compared to all cryptocurrencies, post volume for Optimism currently ranks at 2773. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Optimism.
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Optimism FAQ
How much is 1 Optimism worth today?
Currently, one Optimism is worth $0.67400. For answers and insight into Optimism's price action, you're in the right place. Explore the latest Optimism charts and trade responsibly with OKX.
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Cryptocurrencies, such as Optimism, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Optimism have been created as well.
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