Crypto investors love to throw around “FDV” as if it’s the ultimate measure of value. But what if that number is more misleading than helpful?
In this episode, DBA’s Jon Charbonneau explains his proposal to cut Hyperliquid’s supply by nearly half, why he believes FDV overstates real valuations, and how outdated tokenomics are holding projects back.
We also cover whether the Hyperliquid team should take smaller allocations if they cut the token supply and what Jon thinks of Arthur Hayes’ HYPE sale just weeks after saying the token would 10x.
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Guest:
Links:
Timestamps:
🎬 0:00 Intro
📉 0:35 What Jon thinks people get wrong when they use FDV as a valuation metric
🧮 4:05 How Jon’s proposal would change Hyperliquid’s supply and valuation
🆘 12:20 If the Assistance Fund is removed, how can emergencies be handled?
📊 15:05 How token supplies should really be evaluated when valuing projects
⏳ 20:44 Why current tokenomics reflect an outdated model
✂️ 24:56 Should the Hyperliquid team be taking a smaller allocation too?
🤔 28:15 What Jon thinks of Arthur Hayes selling HYPE right after calling for the moon
🔮 31:351 How Hyperliquid should move forward with Jon’s proposal
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