On-chain Anthropic valuation edges up slightly, while OpenAI drops nearly 5%.

BlockBeats news, October 16: The on-chain valuation contract for Anthropic, ANTH, is temporarily quoted at 1951.4, up about 0.32% in the past 24 hours, corresponding to an implied market cap of about $1.951 trillion; the OpenAI valuation contract OAI is quoted at 1551.3, down about 4.87% over the same period, with no rebound after yesterday's decline, corresponding to an implied market cap of about $1.551 trillion. The difference in their gains and losses is about 5.19 percentage points.

There is also a clear gap in on-chain trading scale. ANTH's 24-hour trading volume is about $31.57 million, and the notional value of open interest is about $41.52 million; OAI's trading volume over the same period is about $8.55 million, with open interest of about $7.07 million. ANTH's trading volume is about 3.7 times that of OAI, and its open interest scale is about 5.9 times.

According to Reuters, Anthropic's recently disclosed growth data is relatively strong, but the market has also begun to re-examine its valuation. Anthropic's third-quarter revenue rose to $16.8 billion, up 45% year over year, and it achieved adjusted profitability, but the growth rate slowed markedly from the previous quarter.

According to an earlier report on October 15, some investors' expectations for its potential IPO valuation have been lowered from about $2 trillion previously to about $1.5 trillion, and this is not yet the final offering price.

OpenAI, meanwhile, continues to see contention over revenue scale and valuation. The market had previously circulated that its annualized revenue run rate was close to $70 billion, but Bloomberg reported that as of the end of September it was actually about $50 billion, with part of the difference related to the statistical scope of cloud channel revenue; the company still expects to reach or exceed $70 billion in annualized revenue by the end of 2026.

Judging from on-chain performance, the market's trading enthusiasm for the two companies is also asymmetric: ANTH's price is basically flat, but its trading volume and OI are significantly higher than OAI's. ANTH's current estimated hourly funding rate is about −0.00124%, while OAI's is about +0.00127%.