What Happened on Mar. 20th | Estimating $ARB Price Range
Most people have been using TVL vs. FDV calculations to predict where Arbitrum's trading value should be.
This analysis has typically used $OP as the closest comparable to $ARB, given the 2 L2s are the leaders in terms of TVL. The simple valuation methodology folks have been using is OP FDV/TVL is ~5.74, and if you apply this to ARB’s TVL, you get an implied FDV of $22bn or a $2.2 $ARB price.
An interesting point made by Onchainwizard is the primarily input of this analysis, OP’s TVL, contains ~$570M of native $OP tokens (according to L2beat), which is over 1/4th of the chain’s TVL. If you exclude this from the “multiple” calculations, then you would obviously get a much higher implied $ARB price
Overall, the potential trading range of Arbitrum is estimated to be anywhere from $1 to $2, but it should be noted that these calculations are based on various assumptions and may not necessarily be accurate.
Biggest Gainers & Losers
Arbitrum IOU Tokens Trades at $10 while Futures trades at $1.2: Arbitrum IOU tokens and futures markets are heating up as traders prepare for the $ARB token airdrop, scheduled for Thursday, March 23.
DefiLlama Faces Internal Dispute Leading to Platform Fork over Token Launch Controversy: Over the weekend, a dispute within the decentralized finance (DeFi) analytics dashboard DefiLlama has resulted in one of its employees forking the platform.
Hot projects on the market
Other news in case you missed it:
Policy and Regulation