i view ETH and SOL more as monetary assets tied to the growth of their ecosystems than traditional businesses valued on revenue that makes them harder for TradFi investors to evaluate, especially when there's no clear way to measure how much value the underlying token captures what i find interesting is that successful onchain applications may have a clearer path to building monetary value around their tokens as more crypto businesses generate real revenue, i think the distinction between L1 valuations and application tokens becomes increasingly important

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