Rujira’s initial recovery hit when it reached a 26% discount relative to the $0.50 Kuji target. This move underscores the Kujira ecosystem’s continued support for an end-of-life product with an intrinsic value of roughly $8M.
Rujira’s initial recovery hit when it reached a 26% discount relative to the $0.50 Kuji target. This move underscores the Kujira ecosystem’s continued support for an end-of-life product with an intrinsic value of roughly $8M.
Volume remains subdued, and it is anticipated that this trend will persist. Expectations lean toward the discount narrowing to zero before retracting slightly to around $0.55–$0.60 as broader recognition grows.
A premium is unlikely since many will aim to at least break even on Kuji trades in the current macro landscape—unless strategies for perpetual and spot trading introduce significant shifts, though restrictions appear minimal.
Competition comes from players like GMX, Hyperliquid, and DYDX.
Future improvements may hinge on developments such as lending markets for LP tokens, which would pave the way for enhanced integration and strategic opportunities at the base layer.