Bullish on #Solana’s tech?

But bearish on $Sol the asset?

Myself and @StrategicHash have built a 🎉Solana Economic Model🎉 to put these theories to the test.

TLDR?

Sol can become one of the most expensive assets in the world…

A thread I have previously written about the ways to think about valuing a Layer 1 Asset in the below thread

https://twitter.com/SolBeachBum/status/1659977808880230406?s=20

The #Solana community needs to get smarter around Sol's economics.

On Monday, myself and @StrategicHash will release our Solana Financial Model - showing forecasted revenue growth and potential valuations.

But in the meantime, how should L1 assets even be valued?

A thread 🧵 L1 assets are completely new, with various unique properties vs tradfi assets

Previous crude attempts have been made to value L1 assets, such as the famous Bitcoin Stock to Flow model

However this only looks at the supply side + ignores revenue accruing assets such as Eth/Sol

A Thread 🧵on UX in Web 3:

Uniswap have just released an app

And Eth fans are starting to face the realisation that Eth UX is impenetrable for new users

See the below video for context 👇 Roughly 15m people have EVER interacted with an on-chain smart contract

Thats roughly the same number that interacted with social media applications - before Facebook launched

And there are still another 7,985,000,000 people to onboard...

Simplicity is key.

I'd argue that user acquisition / retention are the key KPI's for future success of smart contract blockchains

Eth went from a c. 99% user market share in mid 2020

To now a 20% share today, incl all its L2s Even stripping out Tron users, the Eth ecosystem still only maintains a 33% market share of users