With Arbitrum’s latest airdrop hitting the market on Thursday, analysts are scrambling to put a price on the latest layer-2 token.
My back of the envelope calcs using Defillama data:
– if equal Mcap -> $0.68
– if equal FDV -> $1.02
– if equal MCap adjusted for TVL -> $1.05
– if equal FDV adjusted for TVL -> $1.58
— silto (@_silto_) March 16, 2023
Estimating the price of ARB
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DeFi goes layer-2
Basic Valuation Analysis for $ARB:$OP FDV: ~$10.47 billion$ARB FDV: ?$OP TVL: ~$931.2 million$ARB TVL: ~$1.64 billion$OP FDV/TVL: ~11.24
Using the $OP FDV/TVL multiplier, $ARB would have a FDV of $ of ~$18.43 billion.
— Average Joe’s Crypto (@AvgJoesCrypto) March 16, 2023