Maelstrom Fund: Flare FDV is currently 23% of Chainlink, but "may be undervalued"

The Maelstrom Fund, a cryptocurrency investment fund run by the Arthur Hayes family office, said that Chainlink's (LINK) competitor Flare (FLR) is currently "probably undervalued". The Maelstrom Fund believes that FLR's fully diluted valuation (FDV) is currently around 23% of Chainlink's, and the project integration is less than 10% of the project integration owned by Ethereum (ETH) -based Chainlink. However, unlike other oracle providers such as Pyth Network, Flare can build its own native ecosystem. Chainlink's latency and applicability for high-throughput use cases still leaves a lot of gaps. Pyth leaves a lot of gaps in terms of universal applicability across use cases. Flare's approach to combining the above capabilities with L1 capabilities gives it a unique positioning. If Flare reaches 50% of Chainlink's fully diluted valuation, the FLR token could rise by about 2.2 times, and if it reaches 75%, it could rise by 3.3 times.