Brothers, there's a project recently making waves in the on-chain finance sector, claiming to be the 'verifiable automation layer of on-chain finance,' sounds profound? Don’t rush, WuShang will directly unveil its true nature:

What is it really? It's infrastructure that adds a filter to cross-chain arbitrage using AI and zk technology.

In a nutshell: it's about chain abstraction, focusing on cross-chain transfer, the underlying logic isn't hard, just 'automated routing + inter-chain intent parsing'.

🧠 The key question is, how much did the VC actually invest in it?

The project behind Magic Labs has raised a total of 3 rounds of financing, $83M, accounting for 16.5% of the total amount. Without discussing specific terms, roughly calculated based on the disclosed ratio, the VC's valuation when they invested was around $500M FDV.

What does it mean? This is not a bull market; it's betting on a dream of 'cross-chain can make money' with bull market money.

💣 But the problem is, this industry doesn't make money at all!

Don't fantasize about how such protocols can earn through staking, gas, or governance.

Look at competitors Axelar and LayerZero, both are selling tokens at low prices off-market this year: $AXL raised $30M, $ZRO raised $55M, all at OTC discount prices, what’s there to fear? Fear that the market can't hold, and they'll crash and hurt themselves!

Do you think they lack money? No, what they lack is liquidity to smoothly offload in the public market.

📉 So how much is this project worth now?

  • Total supply 1B

  • Current price $0.5

  • FDV: $500M

What does this mean? The token price has directly hit the floor price record since Binance's Pre-Market model!

Look at the competitors:

  • Particle Network $220M

  • Burnt Xion $200M

  • Everclear only $25M (they recognized reality)

  • DappOS VC provided $300M

  • CoWSwap and Wormhole, those OGs, are only $300M and $630M respectively

To say something WuShang doesn't often say—this project reaching $0.5 is already a highlight; anything above that is just storytelling, relying on imagination.

🧨 Reaching $0.6? Don’t worry, WuShang will definitely be the first to short it!

$0.6 FDV directly aiming for $600M, only giants like LayerZero qualify to stand at this height; you, talking about zk automated cross-chain routing, still burning user habits and haven't started charging? What gives you the right to this valuation?

To put it bluntly, the value of such protocols is not in the tokens at all. 80% of cross-chain protocols go to zero, and the remaining 20% are propped up by narrative; it's not about making money, it's about who can get out first.

📌 A quick conclusion from WuShang:

This token can be bought for fun at $0.3, but $0.6 is the dividing line for retail investors; if anyone shouts to buy more, brothers, please screenshot for evidence, so you can thank them later for cutting you.