... that there is ongoing interest from VCs in the interoperability direction, although it is not as widespread as in cases with consumer applications. A significant gap between FDV and current capitalization signals that major development stages lie ahead: ... ... The tokens launched in April 2025 provide an interesting snapshot of the market – they reflect current trends and investor sentiments, while their future dynamics will reveal which of these projects can evolve from the promise of high FDV to actual ...