The 'Clear Card' Game at a Market Value of 20 Million
What does an L1 with a market value of 20 million look like, when current public chains easily reach market values in the billions?
Objectively speaking, the current market value and TVL of @Vanarchain are still at a very early stage. Interestingly, its circulating chip rate has approached 90%, with basically no 'unlock bomb' hanging over its head.
This 'clear card' state is friendly to builders, but it also means that it cannot rely on releasing expectations to drive up prices; it must rely on projects within the ecosystem to genuinely fill the valuation space.
If you're tired of those highly valued, low circulation 'vampire' projects, this low-threshold infrastructure base is indeed worth tasting.
Can such a high circulation infrastructure project be boarded? Is the market value referenceable, and what do you brothers think?
#vanar $VANRY