5min chapter

Bankless cover image

Bull Trap, or Bull Market? with Vance Spencer

Bankless

CHAPTER

Is There a Way to Bootstrap ETH?

There are some things going on in the market which I'm conflicted about. Is this a short term meta trade just because things like staking as a service tokens are in vogue in the moment? Or is this something new that we need to pay attention to? So for example, RPL is in all time highs in Ether terms. Lidotoken is at its highs. Then layer two tokens OP is at all time highs. The arbitrum ecosystem is super hot. And so it's actually very healthy that you're seeing a lot of volatility and dispersion between tokens that have a lot of revenue and those that don't. That will tell you kind of where the crypto native bid

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