Been thinking about $SOL lately — not from a "what's it earning now" angle, but zooming way out.
If crypto really does pull more capital and real assets onchain over the next 10–20 years, then the L1s that end up being actual infrastructure should be valued on what they *could* support long-term, not just current fees.
Right now? Solana's got maybe a handful of apps actually printing money. But the bet is: what if that turns into hundreds, or thousands, of real businesses running onchain?
For me, that future potential matters way more than taking a snapshot of L1 tokenomics today. It's like valuing the internet in 1998 — you wouldn't judge it purely on AOL's revenue back then.
Still early. Still speculative. But that's the lens I'm using.
If crypto really does pull more capital and real assets onchain over the next 10–20 years, then the L1s that end up being actual infrastructure should be valued on what they *could* support long-term, not just current fees.
Right now? Solana's got maybe a handful of apps actually printing money. But the bet is: what if that turns into hundreds, or thousands, of real businesses running onchain?
For me, that future potential matters way more than taking a snapshot of L1 tokenomics today. It's like valuing the internet in 1998 — you wouldn't judge it purely on AOL's revenue back then.
Still early. Still speculative. But that's the lens I'm using.