MODE is really underrated after a rough start.

The Mode Network TGE was poorly handled.

Bybit acted as a makeshift market maker by delaying token deposits, which held back a lot of sales. Now, with most big sellers done, let's see where we stand.

Comparing Market Cap & TVL of Mode Network with competitors:

$MODE: $65M MC, $460M TVL
$MANTA: $425M MC, $173M TVL
$APTOS: $3768M MC, $346M TVL
$NEAR: $7997M MC, $327M TVL
$MANTLE: $3393M MC, $277M TVL
$TON: $21984M MC, $233M TVL

Despite a bad TGE, Mode is undervalued. It's notable that MODE already has utility - using chain projects and staking MODE gives a multiplier for season two drops.

Projects on Mode Network may also give airdrops to MODE stakers. Soon, staking MODE will let you earn a share of blockchain fees.

In conclusion, the poorly executed TGE has led to Mode being significantly undervalued.

Mode App - The Modular DeFi L2 - Airdrop

https://app.mode.network

The Mode Network TGE was poorly handled.

Bybit acted as a makeshift market maker by delaying token deposits, which held back a lot of sales. Now, with most big sellers done, let's see where we stand.

Comparing Market Cap & TVL of Mode Network with competitors:

$MODE: $65M MC, $460M TVL
$MANTA: $425M MC, $173M TVL
$APTOS: $3768M MC, $346M TVL
$NEAR: $7997M MC, $327M TVL
$MANTLE: $3393M MC, $277M TVL
$TON: $21984M MC, $233M TVL

Despite a bad TGE, Mode is undervalued. It's notable that MODE already has utility - using chain projects and staking MODE gives a multiplier for season two drops.

Projects on Mode Network may also give airdrops to MODE stakers. Soon, staking MODE will let you earn a share of blockchain fees.

In conclusion, the poorly executed TGE has led to Mode being significantly undervalued.

Mode App - The Modular DeFi L2 - Airdrop

https://app.mode.network

MODE is really underrated after a rough start.

The Mode Network TGE was poorly handled.

Bybit acted as a makeshift market maker by delaying token deposits, which held back a lot of sales. Now, with most big sellers done, let's see where we stand.

Comparing Market Cap & TVL of Mode Network with competitors:

$MODE: $65M MC, $460M TVL
$MANTA: $425M MC, $173M TVL
$APTOS: $3768M MC, $346M TVL
$NEAR: $7997M MC, $327M TVL
$MANTLE: $3393M MC, $277M TVL
$TON: $21984M MC, $233M TVL

Despite a bad TGE, Mode is undervalued. It's notable that MODE already has utility - using chain projects and staking MODE gives a multiplier for season two drops.

Projects on Mode Network may also give airdrops to MODE stakers. Soon, staking MODE will let you earn a share of blockchain fees.

In conclusion, the poorly executed TGE has led to Mode being significantly undervalued.

Mode App - The Modular DeFi L2 - Airdrop

https://app.mode.network

More from DeFi Voyager

Cover image for My thoughts on Magpie MegaDAO and the value of the MGP token.

DeFi Voyager

Jun 1

My thoughts on Magpie MegaDAO and the value of the MGP token.

Magpie started long ago as a project built on the then-new Wombat Exchange, similar to the Curve/Convex combo but on Binance Chain. Back then, I chos...