Jon Charbonneau 🇺🇸
Jon Charbonneau 🇺🇸
SOL-5.30%
ETH-4.81%
USDC+0.01%
I find it very entertaining that large parts of CT will argue both of these depending on which token they're defending: -buybacks aren't real value accrual, only dividends to token holders are -dividends to token holders aren't real value accrual, only buybacks are (both are)
Jon Charbonneau 🇺🇸
Jon Charbonneau 🇺🇸
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)
Gallery 1
Gallery 2
Gallery 3
@MonetSupply yep solana validators take a huge cut today, bottom line to token holders in aggregate ends up ~1/2 REV rn & yep running mev-optimized validator isnt practical for most, but the underlying economics of it do impact where the equilibrium heads anyway
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)
Gallery 1
Gallery 2
@MonetSupply i.e. it matters that in reality it doesn't cost like $150mm operators are making this quarter to run all this bc - a rational sophisticated actor can do it themselves - and it highlights why margins should compress over time anyway
Show original
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.