DeFiance Capital Co-Founder Expresses Disappointment About BLAST's FDV
According to Odaily, Arthur Cheung, co-founder of DeFiance Capital, expressed his disappointment over the fully diluted valuation (FDV) of BLAST. At the time of its launch, BLAST's FDV was only $2 billion, well below the expected minimum of $5 billion. Data from CoinGecko showed that BLAST's FDV exceeded $2.8 billion, but has since dropped to less than $2.7 billion. Cheung's comments highlight the volatility and unpredictability of the cryptocurrency market, where valuations can fluctuate dramatically in a short period. Although the FDV is lower than expected, BLAST continues to operate in the market, and its future performance is yet to be seen.
