Deep Dive: L1 Governance Today | Cooper Kunz, Jim Parillo, and Myles O’Neil

Bullish:

• $STABLES - There's a trend towards centralized stablecoins becoming the primary trading pairs in crypto markets, even for new token launches.

  • “We're moving towards, like, you know, centralized stablecoins, as, like, the base pair of everything.”

    Jim·1:08:24
• $LAYERONE - The main value proposition for holding Layer 1 tokens outside of Bitcoin is the potential for fees and yield generation.

  • “I think that the only reason that anyone's gonna hold l ones outside of, Bitcoin is fees, like, yield on these things.”

    Mike·1:06:08
• $SOL - Solana's price action looks favorable, potentially outperforming Ethereum in the near term.

  • “Solana looks like it's about to run back. The sole sole BTC is looking like it's gonna, you know, ETHBTC just run, man, sole BTC.”

    Mike·1:00:14

Bearish:

• $ETH - Ethereum's price charts look unfavorable, both in USD terms and relative to Bitcoin.

  • “ETH and ETHBTC are both brutal looking charts at the moment.”

    Mike·1:00:03
• $DAPP - Ethereum's price decline has negatively impacted the broader Ethereum ecosystem, including applications and Layer 2 solutions built on top of it.

  • “ETH being down, the cycle has been very detrimental to the broader ETH economy. Both applications built on top of ETH and also the roll ups that are built on top of Ethereum, they're directly correlated.”

    Jim·1:10:59