$ARB circ supply will be 1.162B TVL=2.43B $OP circ supply = 314.8M TVL=957.6M MC=779.7M 2.43/0.9576=2.537 2.537*779.7M=1.978B MC $ARB 1.978B/1.162B= $1.70 fair value per $ARB But with some hype in good market conditions, it could go much higher or vice versa. 138 viewsReejak Singh, 07:16