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?!