Edgex reasonable valuation: 3.5~4.5B



- Total Supply: 1 billion tokens (1B)
- TGE Initial Circulation: 25%, 100% for Genesis Users/Community, 0 Lock-up
- Current annualized Fees: 840 million USD (100% real income)
- TGE buyback: It is expected that 60%~80% of the revenue will be used for buying back and burning $EDGE .

Benchmark:
Hyperliquid's current FDV is approximately 13 billion USD (circulation approximately 34%, annualized fees approximately 800 million)

Considering @edgeX_exchange :

- Lower circulation (25% vs 34%) → Less selling pressure
- The repurchase ratio is slightly lower but the fees are higher.
- New Project Liquidity Discount

→ Reasonable FDV = Hyperliquid × 0.3, 0.4x
→ The reasonable FDV after TGE is approximately 3.5 to 4.5 billion USD
→ Initial circulating market value ≈ 875~1,125 million USD

In the Chinese area, I only see @anymose96 as a big boss, Shanghai gang yyds.
EDGE-8.48%
HYPE-1.27%
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