The Maelstrom Fund, an early-stage crypto investment fund run by the Arthur Hayes family office, is bullish on the relatively new blockchain oracle digital asset.
The early-stage fund says Chainlink (LINK) rival Flair (FLR) is currently “likely to be undervalued.”
“Chainlink has a considerable head start due to its first-mover advantage, with countless projects already integrating with its service. However, as Flair gains momentum, it could soon catch up to Chainlink. .”
“To better demonstrate Flare’s potential,” Maelstrom Fund said, FLR’s It said its fully diluted valuation is currently approximately 23% of Chainlink.
The Arthur Hayes-affiliated fund notes that unlike other oracle providers, including Solana (SOL)-based Pyth Network (PYTH), Flare “can also build its own native ecosystem.”
According to Maelstrom Fund, if Flare reaches 50% of Chainlink's fully diluted valuation, the FLR token could appreciate approximately 2.2x. If Flair reaches 75% of Chainlink’s fully diluted valuation, FLR could soar 3.3x, the Arthur Hayes-affiliated crypto fund said.
“While Chainlink is clearly the market leader, there is still a lot of room for improvement in its applicability to latency and high-throughput use cases. Pyth, on the other hand, is focused on financial institutions. , brings a unique dimension to the oracle space, but its general applicability across use cases is still debatable. Flare's approach, which combines the above with L1 (layer 1) functionality, It gives us a unique positioning that deserves attention.”
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