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L1 & L2 Token Value Capture - DBA

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Thank you to Dan Smith and Mike Ippolito for valuable input, review, and related discussions. The views expressed in this post are solely my own, and do not necessarily reflect those of the reviewers. You can also listen to our podcast covering this post on Spotify or YouTube. The debates around protocol financials are never-ending. Is Solana unsustainable because of its high inflation? Are Ethereum and Solana unprofitable to the tune of billions of dollars per year? Is it hopium to think that our tokens can be money? Do L2s have better economics than L1s? This post builds on top of ETH Is Not Ultrasound Money, which I wrote over a year ago to explain some basic L1 economics. It’s time for an updated and more generalizable analysis. If you’re looking for a single metric that tells you, “will the token price go up?”, unfortunately no such number exists. However, as in traditional finance, we can create standardized metrics that are actually useful. Today, the popular crypto financial an

L1 & L2 Token Value Capture - DBA Skip to content DBA Reader Controls Hide Switch to white theme Switch to yellow theme Switch to black theme Aa Width Export to PDF L1 & L2 Token Value Capture Jon Charbonneau 10.9.24 42 min read Loading the Elevenlabs Text to Speech AudioNative Player... Thank you to Dan Smith and Mike Ippolito for valuable input, review, and related discussions. The views expressed in this post are solely my own, and do not necessarily reflect those of the reviewers. You can also listen to our podcast covering this post on Spotify or YouTube . Introduction The debates ar

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