With Arbitrum’s latest airdrop hitting the market on Thursday, analysts are scrambling to put a price on the latest layer-2 token.
My back of the envelope calcs using Defillama data:
– if equal Mcap -> $0.68
– if equal FDV -> $1.02
– if equal MCap adjusted for TVL -> $1.05
– if equal FDV adjusted for TVL -> $1.58— silto (@_silto_) March 16, 2023
Estimating the price of ARB
![OP is Optimism's governance token. Image: Optimism](https://www.cryptoadsubmission.com/wp-content/uploads/2023/03/optimism-dao-token-launch-gID_1.png@webp)
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DeFi goes layer-2
![Pie chart showing market share of various blockchain networks.](https://www.cryptoadsubmission.com/wp-content/uploads/2023/03/tvl-per-chain-defi.png@webp)
Basic Valuation Analysis for $ARB:$OP FDV: ~$10.47 billion$ARB FDV: ?$OP TVL: ~$931.2 million$ARB TVL: ~$1.64 billion$OP FDV/TVL: ~11.24
Using the $OP FDV/TVL multiplier, $ARB would have a FDV of $ of ~$18.43 billion.
— Average Joe’s Crypto (@AvgJoesCrypto) March 16, 2023
What’s next for ARB?
![Several bar graphs in purple.](https://www.cryptoadsubmission.com/wp-content/uploads/2023/03/arb-count-allocation.png@webp)