Lighter, which was expected to reach 10B-20B FDV, is now breaking even at 1.5B.
Rails, which received 20M in funding, has an FDV of $18M.
Superform, which raised 13.9M including the sale, has an FDV of $49M (perhaps even better?).
MegaETH, which raised 108M including the sale and was in the spotlight, launched its mainnet just over a day ago, but even the 40M invested by the foundation appears to have dropped, leading to a drop in TVL.
Aztec, which raised 217M including the sale, has a premarket FDV of 190M.
It seems like all the bubbles are bursting.
Still...
edgeX receives Circle investment and partnership.
Layerzero announces a new chain with investment from Ark & Citadel.
PURR buys HYPE worth $129.5M.
With such significant positive news, I wonder if there's still some romanticism.
Oh, but... could it be any faster? Squid = Are we here?!