TRIA Ranks Second Among Neobanks, But Market Cap Is Half That of Its Competitors?
Reached the second-largest global neobank after ETHFI (according to Paymentscan) just five months after its launch, but FDV feels undervalued compared to its peers.
1. FDV Cost-Effectiveness Comparison
- $TRIA: $160M ~ $170M
- $ETHFI: $450M / $GNO: $380M
- Market cap is half that of its competitors. The "self-custody" service seems to have caught the attention of users.
2. Chart and Listing Status
- During the TGE, it had the power to counter the Bitcoin bear market.
- Currently, the price is stabilizing after the correction, making it a good spot for spot trading.
- All major spot futures platforms, including Binance, Kobe, Bybit, and OKX, are listed.
3. Key Performance (5 Months)
- Revenue of $4M / Users of 350,000 / Trading Volume of $170M
- BestPath Revenue of $140M+ (integrated with 60 protocols, including Polygon and Arbitrum)
- In-app Earn and futures support, as befits a neobank, with flight and hotel bookings coming soon.
4. Fundamentals
- Team: Executives from Binance, Polygon, and Intel.
- Backers: Ethereum Foundation C-level, P2 Ventures, Wintermute, Polygon, etc.
- $12M in investment raised and Polychain advisory.
Already a global top-tier indicator, FDV remains undervalued. I hope it's a section...
#TRIA