"$3b valuation for an unlaunched chain is insane" no. if you watched monad raise $225m at $3b and did nothing then watched apriori close $30m for mev infrastructure and did nothing then watched kuru get $11.5m from paradigm and did nothing then watched curve commit day-1 deployment and did nothing then watched metamask add mainnet support and did nothing then watched 15,000 card nominations trade at 50 sol and did nothing then watched jump and citadel teams join and did nothing then watched $64m pour into ecosystem pre-launch and did nothing then watched 10,000 tps hit testnet with 2.4b transactions and then for some reason finally decided to act... then yes, $3b for the last major l1 launch makes sense.