You can’t value Ethereum or Solana like a SaaS company.
@MessariCrypto offers 3 frameworks to make sense of L1s:
• REV
• Monetary Premium
• Security Demand
A must-read for investors.
Full summary ↓
Where we are today
Most L1s are valued primarily on future monetary potential, not current usage.
But as chains mature and generate more reliable fees, REV will become a stronger anchor, grounding belief in actual demand.
TL;DRPri
Layer-1s don’t fit clean financial models, but we can still reason about them:
• Use REV to benchmark real usage
• Apply Monetary Premium to estimate belief-based upside
• Use Security Demand to understand system-level resilience
Don’t pick one, understand all three.
Original @MessariCrypto research ↓
messari.io/report/three-ways-t...…
From Twitter
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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