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Crypto’s 2023 “Health Check” | Vance Spencer
Forward Guidance
Ethereum - What Are the Valuation Metrics?
There's a few projects that are generating mid eight figures, low nine figures of revenue. They're passing it to token holders in some way, shape or form. And the really cool thing about them is they cost very, very little to run. The Dow spends about 10 million per year in software maintenance costs. But if ETH goes up, if yields go up, if usage goes up, Lido is going to have, you know, a 10, 20x increase in cash flows. Those are very powerful business models only facilitated by open source software built on blockchains.
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