Dan Smith🎩 pfp

Dan Smith🎩

@smyyguy

42 Following
327 Followers
Dan Smith🎩 pfp
Dan Smith🎩
@smyyguy
CFB and NFL
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Dan Smith🎩 pfp
Dan Smith🎩
@smyyguy
Ok this is pretty slick
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Dan Smith🎩 pfp
Dan Smith🎩
@smyyguy
Ethereum's monthly economic value (fees + MEV) closed June at $160.3M or $1.9B annualized The economic value is driven 62% by base fees and 25% by priority fees. Blob fees accounted for just 0.6%
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Dan Smith🎩 pfp
Dan Smith🎩
@smyyguy
Inch by inch But yeah we just need to collectively stop highlighting this metric but strong agree its not immediately obvious why Good recent example is TON games saying 1% of humans are playing… really highlights the silliness https://x.com/smyyguy/status/1801962805144228091?s=46&t=Rt2HfPUvLAhC7akcUsWDOw
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Dan Smith🎩 pfp
Dan Smith🎩
@smyyguy
L2s did roughly $200k in transaction fees on the 12th. It wouldnt make a huge difference on that particular day
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Dan Smith🎩 pfp
Dan Smith🎩
@smyyguy
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
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Dan Smith🎩 pfp
Dan Smith🎩
@smyyguy
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
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Dan Smith🎩 pfp
Dan Smith🎩
@smyyguy
Respect
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Dan Smith🎩 pfp
Dan Smith🎩
@smyyguy
Yes
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Dan Smith🎩 pfp
Dan Smith🎩
@smyyguy
Headed west
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Dan Smith🎩 pfp
Dan Smith🎩
@smyyguy
Alright this is incredible
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Dan Smith🎩 pfp
Dan Smith🎩
@smyyguy
Avalanche is good tech
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Dan Smith🎩 pfp
Dan Smith🎩
@smyyguy
my brother in trenches
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Dan Smith🎩 pfp
Dan Smith🎩
@smyyguy
gm to my farcaster friends
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Dan Smith🎩 pfp
Dan Smith🎩
@smyyguy
This is one to pay attention to, onchain verification will be incredibly important in the new paradigm
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Dan Smith🎩 pfp
Dan Smith🎩
@smyyguy
Yes. Yes I do
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WITNESS pfp
WITNESS
@witness
https://witness-soon.replit.app/
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Dan Smith🎩 pfp
Dan Smith🎩
@smyyguy
I get the feeling that Coinbase's earnings beat will kick off degen season on base
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Dan Smith🎩 pfp
Dan Smith🎩
@smyyguy
Incredible
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Dan Smith🎩 pfp
Dan Smith🎩
@smyyguy
the bottom is in on the only chart that matters back in a very big way
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