Navigating Demand and Valuation in Layer 1 Tokens

Gm and Happy Monday! This week, Dan Smith, a Lead Blockworks Researcher and Jonah Weinstein, a Portfolio Manager of SkyCatcher, join Jason to dive into the timely conversation about which metric is better/best to evaluate L1 tokens – REV or RSOV?

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Chapters:

00:00 - Intro

02:31 - Why Do We Need Better Valuation Frameworks?

05:00 - What’s Wrong With The Metrics Today?

08:07 - What’s The Proper Reference Point To Understand Value?

09:33 - Are L1 Tokens Money?

11:10 - Ads (Skale Marinade)

12:48 - Is A L1 Token A Commodity Or Company?

19:32 - Why RSOV Valuation Is So Important

23:48 - Ads (Skale Marinade)

29:07 - Valuation Litmus Test

31:38 - RSOV & Capital Inflows

37:53 - What’s REV?

42:58 - RSOV’s Valuation Mechanism

44:43 - Where RSOV and REV differ

47:27 - If Native Assets 10X, Do The Hotspots?

49:05 - Ads (Falcon x, LEDN)

50:52 - Monetary L1 Premium Factor In?

55:36 - RSOV vs REV Valuation Trends Over Time

01:00:49 - How Does Staking / DeFi Deposits Impact Valuation?

01:02:47 - PE Values In RSOV

01:05:25 - Audience Question From Telegram

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Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.