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![ruggedpikachu Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1757358125093388288.png) pika2zero [@ruggedpikachu](/creator/twitter/ruggedpikachu) on x 3045 followers
Created: 2025-07-24 10:07:31 UTC

Honestly @EspressoSys made my work easier by already listing some competitors on the next slide. We're gonna do a broader comparison but lets just go over each of these and check whether we can actually compare them

• Ethereum $432B FDV: No way you can compare this
-L1
-Ultrasound money
-No dilution FDV = Market cap

• Celestia $2.3B - Has  the L1 premium. First mover?

• Eigenlayer $2.7B - Has $18B in ETH deposits. And earns a casual 100M in fees on a yearly basis

• Avail $200M - Actual good comparison. I see it here

• Espresso $400M

There are other 'similar' projects which recently launched, mainly Altlayer and Caldera. I want to showcase more possible valuation scenarios with these on the next slide

![](https://pbs.twimg.com/media/GwnWfSyXUAAVEh8.jpg)

XX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1948324156719722678/c:line.svg)

**Related Topics**
[market cap](/topic/market-cap)
[$27b](/topic/$27b)
[$23b](/topic/$23b)
[money](/topic/money)
[$432b](/topic/$432b)
[gonna](/topic/gonna)
[listing](/topic/listing)
[ethereum](/topic/ethereum)

[Post Link](https://x.com/ruggedpikachu/status/1948324156719722678)