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It’s time to accept crypto.
94° Coffee enabled WalletConnect Pay and saw immediate demand from customers.
Lower fees. Faster settlement. No card rails.
This is modern checkout.
Stablecoin payments are already inevitable.
WalletConnect CEO @Houlgrave sat down with @trondao founder @justinsuntron for the Payments Pulse.
Watch Justin's take on the future of stablecoins, what the WalletConnect + TRON integration means, and a look at his origin story.
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@provenauthority@jgonzalezferrer
It's the end of an era!
As October closes, so does Haust's public Testnet phase...
A thread on our journey & what's next 👇🧵
What started on Dec 30, 2024, as a proving ground has become a vibrant, high-performance ecosystem thanks to YOU!
The Testnet's mission was simple: break things, fix them, and make them unbreakable.
Over months, we pushed our architecture to its limits, validating instant finality & robust security.
Our Account Abstraction (ERC-4337) implementation proved that seamless, gas-abstracted transactions are not just a dream, but a tangible reality on Haust. Users experienced Web3 as intuitive as Web2.
The numbers speak volumes!
Hundreds of thousands of you participated, generating invaluable data & helping us fine-tune everything. Your feedback was gold.
The closing of the Testnet means our core infrastructure is hardened, optimized, and ready for prime time. This extensive testing has been a critical bridge.
This transition is not a switch flip, it'll unlock Haust's full potential:
> Modular Accounts.
> Unleashed Liquidity via AggLayer.
> Native DEX and Lending with liquidity provision rewards
> Mass Adoption Ready UX with Account Abstraction.
The Mainnet launch, gradually rolling out in early November, is the culmination of years of development & community collaboration.
Thank you to every single Testnet participant. Your efforts have positioned you as pioneers. The Testnet chapter is closing, but the Haust story is just beginning.
While you get ready for the Mainnet.
What was your most memorable experience on the Haust Testnet? 🚀
Haust Wallet is officially live on mainnet 🛡️
Now you can explore, bridge, and swap directly inside Haust Network.
Your keys, your assets, your future 🔁
👉 https://t.co/muUXFBuU1G
Doc with instructions: https://t.co/ticTlyqvYj
How big could the $ESP launch be?
As you’ve probably seen, coingecko just opened a preview page for the espresso token, which basically means we’re getting very close to TGE
but the real question is:
with what FDV does it launch?
in this post I’m trying to look at @EspressoSys from a few different angles and roughly estimate what kind of value the market might give it
🟤Tech angle:
the good thing about espresso is that it’s one of those infra projects the ethereum ecosystem actually needs its use case and potential revenue are already quite clear: b2b services for rollups (fast finality, shared sequencing etc)
we’ve talked about this a lot already: from Apechain to rufus dogelon mars, Rari chain, Caldera and most recently MegaETH , they’re all tightly aligned with Espresso in one way or another.
you could say $ESP is one of the rare tokens that has basically proven its usefulness before launch and, honestly, it feels like a tierS asset to me
For a piece of tech whose whole goal is to help make WEB3 truly cross chain, i don’t think an FDV above $2b is an unreasonable expectation at all🤔
🟤Funding angle:
Espresso has raised $64m in total so far. that $400m FDV from the $4m kaito sale doesn’t feel like a solid benchmark to me, because it came with long vesting and was more of a marketing move after all the unfair FUD than a true fair value signal
so for me, the absolute absolute absolute minimum fdv floor is around $600m ,roughly the level i assume for the a16z entry round
🟤VC track record angle:
the most interesting part for me is the exclusive a16z round with $28m in the second raise.
this is a vc whose aggregate track record is on the order of 500X in returns across its crypto bets.
does a tier1 VC like that really show up just to sell at the same $0.15 they supposedly bought at?
from this angle, i personally treat $1.8b fdv as a reasonable scenario, which would imply at least something like a 3x upside baked into their long-term view
🟤Market conditions angle:
right now the market isn’t exactly pretty.
you saw what happened with monad: it basically opened around the same fdv as its presale. teams don’t really want to burn through their treasuries just to defend a chart in this environment.
the fear & greed index is around 10 something i’ve only seen about three times in the last seven years. it really doesn’t get much worse than this.
so from this lens, you can easily imagine $600m fdv as a conservative starting point for launch.
but if market conditions improve even a bit, i think ~$1.2b fdv for $esp is still very much on the table.
🟤Similar launches angle:
Espresso is so unique that it’s honestly hard to find a true comparable, and that’s exactly why the tech angle above is so strong.
but we can loosely compare it to other innovative infra projects with similar fundraise sizes, even if they target different problems.
succinct with around $55m raised managed to hit roughly $1.7b fdv
caldera with around $24m raised hit roughly $1.6b fdv
as their charts show, those fdvs weren’t very stable in this market, so we probably shouldn’t expect espresso to walk in with the same multiples right now.
even so, if you only look through this comparable fdv lens, a $1.5b fdv for espresso doesn’t feel out of reach.
🟤40 paths to TGE angle:
as you know, the @espressoFNDN has been rolling out the 40 paths to TGE daily hints and routes for how users might qualify for the airdrop. a big chunk of those paths are literally about partner projects and customers of espresso’s product. the number of users there? huge!!!
not only did the testnet itself see a lot of activity, but all these networks and protocols Espresso has integrated with already have large, active user bases of their own.
personally I think we’re looking at an airdrop where the number of eligible participants could easily go beyond 1m. that kind of breadth screams large FDV
even if the airdrop ends up relatively light per user, the surface area is massive. from this angle, it’s honestly hard to imagine an FDV below $3b
just think about the hype around recent L2 launches and their 10b+ fdvs. otherwise they’d have to give half the tokeneconomics away in the airdrop 😅
🟤Bantr campaign reward angle:
this one might sound a bit funny😁but it’s still an interesting lens:
Espresso is giving 600k $esp in total to the top 100 on its bantr leaderboard. based on previous bantr campaigns, month long serious campaigns have tended to sit around $150k total rewards on average.
if we use that as a very rough anchor, you can back into something like $0.30 per $ESP which implies an fdv in the ballpark of $1.2B given the total supply. (super rough, but still a reference point)
🟤wrapping it all up:
for FDV estimates, don’t forget:
total supply of $ESP is 3,590,000,000
so whatever token price you have in mind, you need to multiply by that to get FDV
Putting all these, my personal view is:
Espresso can realistically touch around $1.8b fdv in the first 48 hours after launch, which would put each token at roughly $0.50.
I’d really like to hear other takes on this if you run your own fdv math, drop the number you get and the assumptions behind it 🤎☕