How to Value $SOL

Sal and Dave are joined by Lamar, a TradFi early stage investor. Throughout this round table discussion, the trio dig deep into Layer 1 blockchain economics to better understand what they should be worth long-term. Key topics include 1.) how value accrues to these L1 tokens 2.) when is the right time to monetize 3.) how to appease both holders’ and users’ best interests and 4.) whether Metcalfe’s Law still applies to a modular blockchain stack. One common source of Solana FUD centers on how its economic design compares to other more established chains. Is there a world where SOL is in fact more likely to become money in the future? Check out the full episode to find out for yourself. (0:14) - How to think about L1 assets (5:53) - How and when to monetize Solana (20:43) - The importance of LSDs for DeFi (30:45) - How crypto gets users to interact with on-chain applications (33:54) - The difficulties with valuing Layer 1 tokens (42:04) - Money-ness properties of Solana (46:33) - Key metrics for appraising different L1s (53:07) - How Metcalfe’s Law will work in crypto (59:10) - The inevitable commoditization of blockspace -    - Podcast Resources Follow Sal: https://twitter.com/sal_coin Follow Dave: https://twitter.com/SolBeachBum Follow Unlayered: https://twitter.com/UnlayeredPod Subscribe on Apple: http://apple.co/3VyBSWI Subscribe on Spotify: http://spoti.fi/42q03J2 Subscribe on Google: https://tinyurl.com/5dwn2476 -    - Episode Resources Follow Lamar: twitter.com/DaliaLlamar Valuing L1s: twitter.com/solbeachbum/status/1659977808880230406 Bottoms Up Sol Valuation: twitter.com/solbeachbum/status/1660604668332896258 Top Down Sol Valuation: twitter.com/solbeachbum/status/1668600382547718146