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DeFiance Capital says BLAST FDV is nowhere near its expectations of at least $5 billion

On June 27, Arthur Cheong, co-founder of DeFiance Capital, wrote that the FDV reached only $2 billion when BLAST was launched, far from its expectation of at least $5 billion. According to CoinGecko data, BLAST FDV once broke through $2.80 billion, but now it has fallen back to below $2.70 billion.