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@Lighter_xyz Polymarket odds for FDV after day 1 indicates it'll be somewhere between 2-4b FDV (of course this market also depends on it launching in 2025, which may or may not happen but that's why odds are lower than you might expect).
The interesting thing is when you look at fees, specifically revenue earned by Lighter.
Recently has been on track to do $200m+ in annualised revenue. With a 30x multiplier, that should be $6b approximately.
For reference, if we look at Hyperliquid, it currently trades at a 30x multiple to revenue - a couple of lower revenue weeks recently
Two big questions for me:
1. Will this revenue go back to the token and in what capacity?
2. Will revenue sustain after TGE, especially when it comes to farmer activity
Is the winter holidays period going to be $LIT?