Maelstrom Fund: FLR FDV is currently 23% of LINK, but may be undervalued

Maelstrom Fund, a cryptocurrency investment fund run by Arthur Hayes' family office, said that Chainlink (LINK) competitor Flare (FLR) is currently "likely to be undervalued". Maelstrom Fund said: "As an early entrant, Chainlink already has a considerable first-mover advantage, with countless projects already integrating with its services. However, as Flare develops, it has the potential to quickly catch up with Chainlink." Maelstrom Fund believes that FLR's FDV is currently about 23% of Chainlink, while its project integration is less than 10% of the Ethereum-based Chainlink project integration. If Flare's FDV reaches 50% of Chainlink's, the FLR token price may increase by about 2.2 times; if it reaches 75%, it will increase by 3.3 times. While Chainlink is the market leader, it still has a lot to offer in terms of latency and suitability for high-throughput use cases. Unlike other oracle providers such as Pyth Network, Flare can build its own native ecosystem. Pyth’s focus on financial institutions brings a unique dimension to the oracle space, but there are still many questions about general applicability. Flare’s approach of combining the above features with L1 capabilities gives it a unique positioning. (The Daily Hodl)