study the doge chart.

study the gme chart.

this is not the time to capitulate.

internet money // venture curious // automotive photographer // musician + dj //  co-host of /music channel




I wonder if that accounts for l2 transactions as well

Web 3 degen since the first cardano pump and dump. Specialize in memetics and over-invested in /base. Found /funnygifs

same question was asked in thread. and no it does not. @smyyguy usually has better takes then this one.

Im not convinced L2 activity should be counted here. ETH derives value from being in-demand as a gas asset on other chains, and I think thats a justified value accrual path. However I don’t see that as 1:1 comparable to another asset that both derives value as a gas asset AND has the activity occurring on its chain

I’d also say that Ethereum probably just needs to generate enough base fees to offset issuance to be fine. However thats an increasing target as stake rate increases

The growth story it’s what’s harder to identify