I have been digging into the project myself for several weeks @AntSeedAI

OpenRouter Series B valuation is $1.3 billion

Surplus peak market value is $9 million

The valuation of OpenRouter comes from

▌$150 million ARR revenue

▌Markup charged by centralized platforms

▌Proven business model

Surplus

▌Narrative-driven crypto token

▌Concept premium of order book price discovery

AntSeed's reasonable valuation should be between the two

▌More complete narrative than Surplus

▌Network revenue close to $100,000

▌AI Agent native payments + DIEM ecosystem connection

▌Clearer token economics

$ANTS is currently in a non-transferable state

Research it yourself

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