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Trading Crypto Inflection Points | Hal Press
Empire
Is ETH Going to Be a Decentralized SOV?
I actually think of ETH as competing for the decentralized SOV market cap 2, which is arguably bigger than this sum of future cash flows from staking market cap. And I also think that ETH has a tremendous amount of value just from being adopted and used as collateral for a variety of things. Ultimately, I don't think ETH is going to stay deflationary. I think L1 fees will compress and ETH price will go up. But it'll probably reach some steady state of very minor inflation, like less than 1%.
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