SOL is currently trading at an 83% discount to ETH - should it be?
 Michael Nadeau is a crypto analyst who can help us answer this question. His approach isn’t technical, he isn’t a decentralization-maximalist, and he doesn’t represent any specific tribe. Instead, he focuses on current on-chain fundamentals like daily active users, fee revenue, and Total Value Locked to provide insights.
 In our discussion, we explore why fundamentals matter when analyzing crypto assets like ETH and SOL. We review the data for 2024 to see who’s winning and examine the catalysts for both ETH and SOL. Additionally, Michael shares his price predictions for ETH and SOL this cycle and offers insights on which asset will outperform the other in the second half of the bear market.
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 TIMESTAMPS
 00:00:00 Start
 00:02:59 Are Fundamentals Having a Moment?
 00:08:59 Solana's 83% Discount
 00:12:11 Fundamentals Data
 00:17:09 Fees, SOL vs ETH
 00:19:52 Fee Generation & MEV
 00:22:36 DEX Volume
 00:25:31 Stablecoin Volume
 00:28:08 Total Value Locked
 00:31:49 Core Devs
 00:34:50 Value Accrual
 00:41:45 The Bull Case For Ether
 00:49:22 Upcoming Catalysts
 00:57:09 Qualitative Differences
 00:59:40 Price: SOL vs ETH
 01:04:10 Price Targets
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 RESOURCES
 Michael's Report: https://thedefireport.io/research/sol-discount-eth 
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