Bankless Ethereum is Hilariously Underpriced | Will SOL Flip ETH?
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Dec 5, 2023 In a lively discussion, the hosts argue that Ethereum's current price is absurd given its strong fundamentals. They delve into the rivalry between Ethereum and Solana, examining the potential for Solana to surpass Ethereum in value. The talk also explores blockchain valuation through data-driven methods and the complexities of decentralization in crypto. Key insights highlight Ethereum's lower valuations compared to traditional tech and the challenges Solana faces in profitability and market position. A must-listen for crypto enthusiasts!
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Layer 2s as Block Space Buyers
- Layer 2s are now major buyers of Ethereum block space, driving new demand.
- This represents a significant shift compared to the previous bull cycle.
Deflationary Ethereum
- Unlike the last cycle, Ethereum will be deflationary throughout this bull market.
- This is due to the merge and increased network activity.
Real Yields for Validators
- Validators, or Ethereum bondholders, are earning real yields of 5.3%.
- This is a key difference from other chains offering only nominal yields.