Solana

Arthur

Chainlink

Pyth Network

Flare

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 <p>Maelstrom Fund, an early-stage crypto investment fund operated by Arthur Hayes’ family office, is expressing bullish sentiment on a relatively new blockchain oracle digital asset.</p>
 <p>The early-stage fund says that Chainlink (LINK) rival Flare (FLR) is “likely undervalued” currently.</p>
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 <p><i>“Chainlink’s early mover advantage has given it a sizable head start, with countless projects having already integrated with its services. However, as Flare gains traction, it has the potential to quickly catch up to Chainlink.”</i></p>
 <p>“To better illustrate Flare’s potential,” Maelstrom Fund says that the fully diluted valuation of FLR is currently about 23% of Chainlink’s even though the upstart has less than 10% of the project integrations that the Ethereum (ETH)-based Chainlink already boasts.</p>
 <p>The Arthur Hayes-linked fund says that, unlike other oracle providers including the Solana (SOL)-based Pyth Network (PYTH), Flare “can also build its own native ecosystem.”</p>
 <p>According to Maelstrom Fund, if Flare reaches 50% of Chainlink’s fully diluted valuation, the FLR token could go up by approximately 2.2x. If Flare reaches 75% of Chainlink’s fully diluted valuation, FLR could soar by 3.3x, says the Arthur Hayes-linked crypto fund.</p>
 <p><i>“While Chainlink is clearly the market leader, its latency and applicability to high-throughput use cases leaves much to be desired. Pyth’s focus on financial institutions, on the other hand, brings a unique dimension to the oracle space, but leaves much on the table in terms of general applicability across use cases. Flare’s approach of combining the above with <a rel="noopener noreferrer nofollow" title="Category Features" href="https://thebittimes.com/features.html">Features</a> of an L1 (layer-1) gives it a unique positioning worth watching.”</i></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/this-chainlink-competitor-could-explode-by-up-to-230-from-current-level-says-arthur-hayes-linked-crypto-fund-tbt88050.html">https://thebittimes.com/this-chainlink-competitor-could-explode-by-up-to-230-from-current-level-says-arthur-hayes-linked-crypto-fund-tbt88050.html</a></p>

This Chainlink Competitor Could Explode by up to 230% From Current Level, Says Arthur Hayes-Linked Crypto Fund

TheBitTimes

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