Ethereum

We covered value accrual mechanics for ETH in the latest Powerlaw Memo with respect to RWA TVL on mainnet and its correlation with ETH's usage as base trading pair onchain.

I made the case that trading pairs as supply sink are just one minor variable in a more complex formula. Happy to hear what people think!

This is the alt account of Sister Hazel. Writings at https://powerlaw.systems. Curating https://protocol-particles.github.io.

Link is in the bio. 

https://powerlaw.systems/memo-w13-mar-2025