Home Creators Posts Import Register Favorites Logout
haven't archived this post yet. have a subscription? use the importer!

Content

I know I share data and I look at data, but this is a little bit extreme now at this stage. Nobody is trading on Ethereum. Everybody is trading everything on Solana. That's nearly a 7000% Delta in deck volume and Solana still trades at a quarter of the market cap of Ethereum. This is the biggest upside-down relative evaluation I've ever seen, way more extreme than SEI vs SUI!

Over time, the market ends up being a weighing machine.

Jupiter surpasses the combined 24-hour trading volume of all other chain aggregators, achieving total dominance despite operating on a single chain.

Files

Previews only

Comments

maxnaut

We have to include Eth L2s in this to get a true representation. Most of Eth defi and dex usage is on L2s due to fees being much less. It's still Ethereum. Otherwise the statistics are skewed and hard to take value from.

fortunate

add on HYPE which is excluded from most L2 calculations for some reason as well as comparing to SOL excluding memecoin casino volume. Majority of SOl volume is gamblers PnDing memecoins. Id like to see organic dex volume people using it normally. Long term retail/mom pop users arent going to be playing with memecoins. We intend to onboard users to BTC and crypto to replace tradfi first. i used ETH for its plethora of Defi options to yield farm. On SOL i use kamino, but the products are limited without factoring ETH L2s and filtering memecoin volume. this ETH L1 vs SOL comparison is unnuanced and a misrepresentation due to bag bias

Dirk

Check your data and calculations James 🤡