What's the upside for L2 tokens?Fee sharing?Even if they turned on fee sharing, it's not much:Arbitrum made $19.5m in fees in a year. Optimism $18.3m.zkSync just $1.3m and Starknet $600k.This Price(FDV)-to-Fees ratio puts Arbitrum at 137.8x, and Optimism at 205.7xStarknet - 4204xIn context, TSLA trades at 187x P/E ratio so Arbitrum might even look cheap.But Tesla is an exception. S&P500 trades at ~ 29x the earnings.This makes L2 tokens overvalued by a lot. Unless we expect their adoption and fees to pick up ...

Just claimed a fat Stimmy from @Moonberg_ai.Didn't even know I was on the list.You probably are too ●● ...

It can't be liquid 10kMust be a catch somewhere. Pls share alpha lol ...

Yet another casual 10k airdrop for yapping.Never heard of it but great project if it's actually gonna be liquid $10k. https://t.co/XvHwWNi8zuIgnas | DeFi (@DefiIgnas):Just a casual $15k airdrop for yapping.I love crypto.And, obviously, a good coin $NEWT https://t.co/Dy5GhAPtb9 ...

Liked by Polymarket https://t.co/YxFXSsliO8 ...

The next best airdrop will be $POLY by Polymarket. ...

@samkazemian Linking Sam's post for context: https://t.co/sK3MZwN5GYsam.frax (@samkazemian):1/ With RWAs & regulated stablecoins one of the fastest growing sectors in crypto, does it actually matter if a stablecoin/RWA is issued or settled on Ethereum? I don't think it does once the asset is issued natively anywhere else but on ETH L1. Let me explain why🧵 ...

The real endgame: Assets issued natively onchain, not wrapped from TradFi.RWAs & tokenization are just the first step.As @samkazemian wrote - "settlement guarantees" only make sense for assets *without* issuers, like BTC or ETH.But for RWAs, the guarantee depends on the issuer.Example: $BUIDL on Ethereum is just a subset of BlackRock's liabilities.If Ethereum goes down, BlackRock decides what happens next, because the real record sits offchain, in TradFi.But when assets are **natively issued on-chain**, the ...

@FT This is a good one. https://t.co/1dTcyrgQZB ...

The Russian ruble has entered the stablecoin game.A7A5, the first ruble-pegged stablecoin, moved $9.3B in just 4 months, @FT reports:- Launched in Kyrgyzstan, outside Western reach- Backed by ruble deposits in Promsvyazbank (sanctioned)- Runs on Tron & Ethereum- Used as a bridge to USDT & cash out abroad, bypassing SWIFT & sanctionsAfter the US closed Garantex, Russia's CEX, A7A5 and Grinex (a new Kyrgyz exchange) stepped in.It’s not retail driven.Most flows are weekday, done during office hour, reportedly ...