Valuing Layer 1 Tokens as Monetary Stores of Value (MSOV) – Skycatcher

Fri, 11 Oct 2024 03:40:02 +0000

Skycatcher introduces a novel “monetary store of value” (MSOV) framework to value native tokens of Layer 1 blockchains. The framework implies that at today’s prices, Ethereum (ETH) and Solana (SOL) are expected to grow their MSOV totals by $142 billion and $85 billion respectively, as they currently trade at 2.1x and 6.7x multiples to their MSOV totals. The paper is a resource to help investors understand long-term value drivers and implied expectations for Layer 1 (L1) tokens.

Skycatcher on Ethereum Market Research Center

Valuing Layer 1 Tokens as Monetary Stores of Value (MSOV) – Skycatcher