$CORE has stepped on the gas and surpassed Bitlayer's TVL among Bitcoin Sidechains.

BUT THIS SHOULD MAKE YOU EVEN MORE BULLISH WITH @BitlayerLabs 💡

🔸CORE has a supply of 2.1 billion tokens and has a FDV of $4.1 billion and a market capitalization of $1.8 billion.

🔸Bitlayer, in turn, will have a supply of 1 billion tokens, and in its last investment round, series A, the token was sold at $0.3, that is, $300 million FDV. In the seed round, the tokens were acquired with a FDV of $80M (that is, the seed round is already 3.75x the Series A investment)

🌀Bitlayer's share in relation to CORE is equivalent to about 40%, but the project has a supply 47% smaller. From this perspective, I consider a $0.73 appreciation of Bitlayer's $BTR token to be quite reasonable.

What do you think? Comment below ⬇️