Just been thinking about $ETH and $SOL lately — they're not really like normal businesses you can value on revenue, right? More like… monetary assets that grow with their ecosystems. Which makes TradFi people scratch their heads, because there's no clean formula for "how much value does the token actually capture."
What's kinda interesting though: successful onchain apps might actually have a clearer shot at building real monetary value around their tokens. Like, they're generating actual revenue, so you can at least start to do some math.
As more crypto projects start making real money, I think we're gonna see a bigger gap between how you value L1s versus how you value application tokens. Different animals entirely 🤔
What's kinda interesting though: successful onchain apps might actually have a clearer shot at building real monetary value around their tokens. Like, they're generating actual revenue, so you can at least start to do some math.
As more crypto projects start making real money, I think we're gonna see a bigger gap between how you value L1s versus how you value application tokens. Different animals entirely 🤔