Maelstrom Fund: Flare FDV is currently 23% of Chainlink, but "may be undervalued"
Maelstrom Fund, a cryptocurrency investment fund operated by Arthur Hayes' family office, stated that Flare (FLR), a competitor of Chainlink (LINK), is currently "possibly undervalued". Maelstrom Fund believes that the fully diluted valuation (FDV) of FLR is currently about 23% of Chainlink's, and its project integration is less than 10% of Chainlink's based on Ethereum (ETH), but unlike other oracle providers such as Pyth Network, Flare can build its own native ecosystem. Chainlink has many shortcomings in terms of delay and high throughput use cases, and Pyth has left many gaps in the general applicability of cross-use cases. Flare's unique positioning is achieved by combining the above functions with L1 functions. If Flare reaches 50% of Chainlink's fully diluted valuation, the FLR token may rise by about 2.2 times, and if it reaches 75%, it may rise by 3.3 times.
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