Maelstrom Fund: Flare FDV is currently 23% of Chainlink, but it "may be undervalued"

The Maelstrom Fund, operated by the Arthur Hayes family office, suggests that Flare (FLR), a competitor to Chainlink (LINK), may currently be undervalued. The Maelstrom Fund believes that after full dilution, FLR's valuation (FDV) is approximately 23% of Chainlink's and its project integration is less than 10% of what Ethereum-based Chainlink has. However, unlike other oracle providers such as Pyth Network, Flare can build its own native ecosystem. There are many shortcomings in the applicability of Chainlink's delay and high throughput use cases; Pyth leaves much to be desired in terms of universal applicability across use cases. Flare’s unique positioning comes from combining these features with L1 functionality. If Flare reaches 50% of Chainlink's fully diluted valuation, FLR tokens could potentially increase by about 2.2 times; if it reaches 75%, they could rise by around 3.3 times.