Jon Charbonneau 🇺🇸
Jon Charbonneau 🇺🇸
SOL+2.85%
ETH-1.16%
USDC-0.01%
I see this often, but it's not accurate to be clear. HYPE generates a bit more $ than ETH, but SOL still generates ~2x what HYPE does (& is priced at ~2x HYPE's FDV). (We own both SOL & HYPE)
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MONK
MONK
Why can’t $HYPE be closer to $ETH $SOL? It makes more money. It gets more usage. It’s growing faster. Strip away your preconceived notions that general purpose L1s deserve higher vals and just go first primitives. Crypto is for trading and this is the best trading platform.
@Keisan_Crypto @defi_monk That is #2 here, once again a separate comp, & once again SOL is still generally in the lead (by how much depending on time horizon selected) Try again
Jon Charbonneau 🇺🇸
Jon Charbonneau 🇺🇸
@0xBreadguy here is the correct #2 for SOL @blockworksres doesn't yet track HYPE expenses but here's top line figs, from which you'd then subtract expenses such as validator commissions idk how it shakes out exactly, but def lower HYPE expenses vs SOL (smaller valset/issuance/commissions)
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@leoyanzon "sell pressure" isn't an expense the relevant realized expense is the portion of inflation and REV that actually is paid out to operators
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Jon Charbonneau 🇺🇸
Jon Charbonneau 🇺🇸
L1 & L2 TOKEN VALUE CAPTURE New post on: - Measuring profitability for tokens - Is issuance a cost? - Do L2s have better economics than L1s? - PoS vs PoW value accrual - Are L1s and L2s overvalued? - Can anything flip BTC as money?
@chainyoda SOL receives dividends (prio fees / MEV) Investors can buy SOL to receive dividends Pump selling SOL is quite literally irrelevant here Everything is priced on supply and demand
@chainyoda Pump selling SOL is *at worst* still slightly positive for net sell pressure, and even that requires you to assume: - users paying SOL to pump spend all of their SOL and hold none remaining more than they would’ve otherwise - pump sells all of their SOL
@chainyoda Line 3 is irrelevant to cashflows and still strictly positive vs alternative (pay for app in USDC/other) Line 2 literally read my OP and replies (a lot)
Jon Charbonneau 🇺🇸
Jon Charbonneau 🇺🇸
@chainyoda Pump selling SOL is *at worst* still slightly positive for net sell pressure, and even that requires you to assume: - users paying SOL to pump spend all of their SOL and hold none remaining more than they would’ve otherwise - pump sells all of their SOL
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