Monad Mainnet, L1 Valuations, and Berachain News | Livestream

Bullish:

• $META - MetaDAO is showing relative strength with higher lows while other tokens decline, and benefits from crypto's structural problems with token launches as a marketing opportunity for their governance solution

  • “it's the only token on my, like, watch list that has put in a higher low. Also, everything bad hat that happens in crypto is a marketing stunt for them potentially.”

    Boccaccio·51:26
• $HYPE - Hyperliquid has superior economics compared to Solana, capturing significantly more value from spot trading volume through its 50% fee share model versus Solana's gas fee model

  • “the amount of money that Hyperliquid makes off of spot trading volume is multiples more than the amount of volume that the amount of money that Solana makes off of spot.”

    Boccaccio·19:43
• $DAPP - Applications are achieving similar valuations to L1 chains while having clearer revenue models and better economics, representing a shift in value from infrastructure to the application layer

  • “Apps make more money and it seems that we're finally kind of, I don't know what the pump valuation is. It should be like two, two point five. Like you can launch a very good app and get the same valuation as an L1.”

    Boccaccio·21:45

Bearish:

• $LAYERONE - New L1 chains face significant challenges achieving network effects of established chains like Ethereum and Solana, with skepticism about whether marginal speed improvements justify high valuations, and most are expected to trend toward zero long-term

  • “I look at every other o one, and I think it's probably very difficult for any new o one to get that same level of lendiness. So I think on a long time frame, they're probably all just going to zero would be, like, my overarching guess.”

    James·37:14

  • “I don't is Monad that much faster than existing chains? I don't think it is.”

    Boccaccio·13:51
• $MONAD - High expectations for new chain launches rarely get met, setting up for disappointment in the immediate term as the ability to exceed expectations is very low

  • “I think launch is always tough, I think, for any because I think the expectations are very high, and the ability to meet or exceed those expectations is very low.”

    James·2:40
• $MEGAETH - MegaETH's $3.5B premarket valuation is expected to converge lower when the token launches if market conditions remain poor, following the pattern observed with other launches

  • “I would expect, you know, like, let's say the market is still bad and they release the token in three weeks, then you'd expect to see those to converge.”

    James·9:40
• $BERA - Berachain's governance structure raises concerns as their lead investor was given a refund option, meaning the fund wasn't taking any real risk on their investment

  • “Unlike a typical VC investment, the Revan fund wasn't taking any risk. Either Barrow would pump or they could get their money back.”

    James·28:14