Conversation

Sep 17, 2020

FD valuation and market cap for UNI is absurdly low right now, especially when you start comparing to Balancer/SUSHI, but don’t underestimate the short term sell pressure of all the people that were airdropped life changing amounts of money. Unvested airdrops tend to be sold.

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SBF

@SBF_FTX

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@lawmaster

Hm I had a different instinct on that -- what do you think the correct UNI/SUSHI FDV ratio is?

9:41 AM · Sep 17, 2020Twitter Web App

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and

before or after larry loses the keys?

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and

everyone knows it’s going to happen probably priced in tbh

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I think it’s too early to look at comparative metrics. The way investors should view it is whether the volume is sustainable. It makes sense that Uniswap has a stronger brand, longer history and therefore likely more sustainable volume. Sushi still has to prove itself