I think we see a re-rating of chains too, but it's just a general shift from "L1 premium" to "execution premium" (regardless of construction).
Whomever has the apps, has the premium.
P.S. the apps will follow execution because it makes for the best apps
I passed on both the $BERA & $INIT rounds.
I passed on @monad_xyz too....not bc they're not good tech but bc they, and other L1s, are redundant at this point in time. We have too much block space as it is. What we lack are applications to entice users and normies. That's why $HYPE has been so successful while other L1s fail: it built out the application first then the chain.
I personally think we are about to see a rapid re-rating of all L1s as users and applications become chain agnostic. Overvalued L1 VC chains are years behind schedule and have billions higher valuations than they should. The market is sniffing this out and they will make epic shorts someday as emissions continue to erode their value proposition.
111
13.29K
The content on this page is provided by third parties. Unless otherwise stated, OKX TR 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 TR. 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 TR 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.