Welcome back to the Gwart Show! Today we have Haseeb Qureshi and Tarun Chitra about whether VC-funded tokens are vaporware or valuable investments. They tackle fundamental questions about crypto market structure, token valuation models, and the long-term economics of L1 blockchains. Is there a carrying capacity for tokens? Are smart contract platforms overvalued? Will L1s converge to their utility value or maintain monetary premiums?
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# Notes:
– Crypto market caps follow power law distribution
– Solana valued at ~$80 billion despite skepticism
– Stablecoin market grew from $130B to $240B
– Bitcoin dominance may increase over time
– Most tokens trending down in USD since launch
– L1 valuation combines utility, equity & monetary use
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