MemCast
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Relative value between L1s doesn't guarantee absolute performance
  • SOL may be cheap relative to ETH but both could decline further
  • Last cycle's Avalanche at $100B vs current Monad struggling at $2B shows paradigm shift
  • Better technology doesn't necessarily translate to higher valuation in current market
JasonEmpire00:14:35

Supporting quotes

last cycle Avalanche got to like 100 billion, right? And look at something like Monadan today which can't hold two bill and its tech is objectively a lot better Jason
it's just I don't see how you can hold ETH over Soul at these levels. But that doesn't mean that Soul goes up Jason

From this concept

L1 Valuation Crisis

Discussion on the collapsing valuations of layer 1 blockchains, examining whether this reflects a permanent shift in market structure or temporary bear market conditions.

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