Maelstrom Fund (an early-stage crypto investing fund managed by Arthur Hayes’ family office) has expressed bullish sentiments on a digital asset that is relatively new, the blockchain oracle.
Early-stage Fund says ChainlinkLINK) rival Flare (FLR( ) “likely undervalued” currently.
“Chainlink’s early mover advantage has given it a sizable head start, with countless projects having already integrated with its services. However, as Flare gains traction, it has the potential to quickly catch up to Chainlink.”
“To better illustrate Flare’s potential,” Maelstrom Fund claims that Chainlink is valued at about 23 percent more than FLR, despite the fact that it only has 10% of Ethereum’s project integrations.ETHChainlink is a chain that has been around since.
The Arthur Hayes linked fund claims that unlike other oracles including the Solana Fund (SOLThe Pyth Network is a ()-based network.PYTH), Flare “can also build its own native ecosystem.”
Maelstrom Fund says that FLR’s value could rise by about 2.2x if Flare reached 50% of Chainlink fully diluted valuation. According to the Arthur Hayes crypto fund, if Flare reached 75% of Chainlink’s fully diluted value, FLR would soar by approximately 3.3x.
“While Chainlink is clearly the market leader, its latency and applicability to high-throughput use cases leaves much to be desired. Pyth’s focus on financial institutions, on the other hand, brings a unique dimension to the oracle space, but leaves much on the table in terms of general applicability across use cases. Flare’s approach of combining the above with features of an L1 (layer-1) gives it a unique positioning worth watching.”
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