The valuation gap here is pretty wild. EdgeX's 64c token is trading below a $2b FDV after just one day, while Lighter is sitting around $1.7b at the moment—basically neck and neck territory. Both DEXes are pretty comparable too, with similar open interest levels and 30-day trading volumes across the board. What's throwing off the numbers? The real outlier seems to be MARU, EdgeX's memecoin, which is already running up to a $450m FDV. That's probably where a decent chunk of the upside is getting priced in. Hard to say if that's justified or just typical early-stage hype, but it's definitely distorting the comparison between the two platforms.