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0xResearch Livestream | Friday, June 6th

0xResearch

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Valuing Layer 1 Tokens in a Shifting Landscape

This chapter analyzes the competition between Layer 1 (L1) tokens and the decentralized applications built on them, questioning the sustainability of high valuations for L1 tokens in light of potential revenue generation by these applications. It critiques the crypto community's focus on short-term cash flow metrics, suggesting they may not accurately reflect the long-term value of digital assets amid evolving market dynamics.

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