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 $ARB token airdrop, scheduled for Thursday, March 23.
DefiLlama Faces Internal Dispute Leading to Platform Fork over Token Launch Controversy: Over the weekend, a dispute within the decentralized finance (DeFi) analytics dashboard DefiLlama has resulted in one of its employees forking the platform.
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Binance Will List Arbitrum ($ARB)
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