I used to really think so because in my impression, it just sent a large number of airdrops to testnet users and then flopped like a dead snake.

However, Aptos seems to be different recently, with frequent actions and close collaboration with OKX, including XBTC, ABTC, and co-hosting events along with ecosystem project funding.

Especially Hyperion.

@hyperion_xyz

Not only has it secured funding from OKX and Aptos Foundation, but now it has also partnered with Binance Wallet to launch the exclusive first token issuance event (TGE) using the Bonding Curve model at http://Four.Meme.

So the question arises, how to estimate Hyperion's FDV? What are its expectations?

I believe 200 million!!! According to

@BitHappyX

Teacher's tweet.

Actually, previously calculated based on the ratio of drips points to ROIN tokens at about 72:1, even if the point cost reaches the highest value, as long as FDV is above 72 million, everyone who earns points through trading will make a profit.

From a cost perspective, as a DEX, how many people are purely grinding for points? At least for seasoned DeFi players, those points are basically free.

The points for DeFi players can be said to be free, a bonus for mining. I mined for over half a month with nearly 100,000 USD and received over 1,500 tokens.

As the most important DEX protocol within the public chain, Hyperion is indeed a short and quick opportunity. Therefore, I believe that Hyperion, as the most important DEX in the public chain, its TGE is definitely a big opportunity, and it can allow everyone in the ecosystem to make money; after TGE, it will shine, otherwise its reputation will collapse again.

That being said, Hyperion's performance hasn't wasted Aptos' pillar position.

However, when it comes to valuation, everyone loves to find benchmarks. Regarding valuation analysis, comparisons are usually made horizontally with similar projects in the same field.

For example, on the Sui side, there are two protocols that are quite interesting. One is the already issued token Cetus, which was once the leading DEX on Sui. If it hadn't been hacked, it would not have been suitable for comparison—after all, Sui is stronger than Aptos. Based on Binance's trading volume and market value, typically five to six times is considered reasonable, but now the market value has dropped from 490 million to 100 million, and it is still compensating user losses, which is much more appropriate.

Another one is the MMT that hasn't issued tokens yet. I've heard the last round of financing was valued at 170 million, so the FDV must exceed this to avoid losses for investors.

Comparing these, Hyperion's estimated 200 million is really not outrageous.

Through these two comparative protocols, it can also be seen that Hyperion's projected FDV is not an exaggerated number.

After all, it can now be considered Aptos' last hope for DeFi. Whether it's OKX or Aptos, they are betting on it, and they can't both bet big and end up with little.

On one hand, the market value required to recover points is 72 million. If this can't be achieved, Aptos will be drowned in public opinion! On the other hand, if Aptos doesn't want to be inferior to others, it must showcase its own impressive ecosystem to compete.

I hope Hyperion TGE is innovative, and I also hope Aptos develops well. Only then can I attract more miners to participate in mining!