$HFT | Hashflow | Published Dec 15, 2023
Website link: https://www.hashflow.com/
Overview: Hashflow is a multichain decentralized exchange (DEX) that enables users to trade digital assets on leading blockchains including Ethereum, Arbitrum, Avalanche, BNB Chain, Optimism, Polygon, and Solana in just a matter of seconds. Hashflow leverages an intent-based smart order routing architecture to offer traders the best prices, access to over $8B in liquidity, and the ability to trade every token.
Hashflow’s closest comp is THORchain another cross-chain DEX, which is currently trading at a $3B FDV, around 8.5x higher than $HFT.
Hashflow raised from the highest tier funds available in the crypto space at a $400m valuation:
Buying $HFT at current prices ($350M FDV) means you’re getting a lower price than venture capital did in the previous round.
A benefit to raising from these large funds is that $HFT has secured token listings on all the major exchanges including Coinbase and Kraken.
- Obviously, if this bullish market rolls over, most tokens including $HFT will not fair well.
The underlying thesis here is simply that these large funds are unlikely to lose money on this deal, and can do things to help this project be successful but also to directly push the token price higher if needed. This included manipulating the market with media or directly via market making. Jump, listed above in the investor profile, is the largest market maker in crypto.
This thesis may take weeks or months to play out, over which time it is likely the broader market sees significant corrections.
$HFT can be purchased on any major exchange.