Maelstrom Fund: FLR FDV is currently 23% of LINK, but may be undervalued

Odaily News Maelstrom Fund, a cryptocurrency investment fund run by Arthur Hayes' family office, said that Chainlink's (LINK) competitor Flare (FLR) is currently "likely to be undervalued". Maelstrom Fund said: "As an early participant, Chainlink already has a considerable first-mover advantage, and countless projects have integrated with its services. However, as Flare develops, it has the potential to catch up with Chainlink quickly." Maelstrom Fund believes that FLR's FDV is currently about 23% of Chainlink, while its project integration is less than 10% of the Ethereum-based Chainlink project integration. If Flare FDV reaches 50% of Chainlink, the FLR token price may increase by about 2.2 times; if it reaches 75%, it will increase by 3.3 times. Although Chainlink is a market leader, it still has a lot of shortcomings in terms of latency and suitability for high-throughput use cases. Unlike other oracle providers such as Pyth Network, Flare can build its own native ecosystem. Pyth’s focus on financial institutions brings a unique dimension to the oracle space, but there are still many questions about general applicability. Flare’s approach of combining the above features with L1 functionality gives it a unique positioning. (The Daily Hodl)