The logical conclusion of app specific sequencing is L1 REV | RyanWatkins_ on Binance Square

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The logical conclusion of app specific sequencing is L1 REV trends towards zero unless L1s begin enshrining apps.

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Regardless of whether you believe ETH is money, Ethereum’s REV falling off a cliff since 2021 is unambiguously bad. At the least, less REV means less resources to sustain the validator set and more inflation to compensate. Classic case of fiscal issues creating monetary issues.

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Tbh it’s better that most alts get smoked now that generational projects are emerging. You only need a few big winners to make the next FANGs / Mag 7. A world with many projects destined for zero, and just a few projects that you can’t own enough of, is fine with me.

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Everyone can pontificate all they want on L1 valuation theory, but the reality is there’s little empirical evidence that L1s trade on anything more than relative value.

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The holy grail store of value is digital gold with native yield. This is the ultimate TAM that L1s (e.g ETH, SOL, HYPE) can achieve and their structural advantage over BTC. There are no special snow flakes — just tradeoffs and timing differences.

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The logical conclusion of app specific sequencing is L1 REV trends towards zero unless L1s begin enshrining apps.

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关于TGE，我想说:刷阿尔法积分，领空投扣15分，这个可以接受。可是钱包里TGE需要3个BNB，然后还要扣积分，这样就不

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