According to @QCompounding, traditional asset managers are increasingly adopting blockchain technology to modernize their outdated, manual-based operations and create innovative investment products. The analysis highlights that major financial institutions like BlackRock, Apollo, and Franklin Templeton are already pioneering this shift with tokenized funds, which have attracted billions in assets by offering fractional ownership, enhanced liquidity, and automated strategies. For traders, this signifies a major wave of institutional capital and product development, particularly in Real World Assets (RWA). Despite this growth, the author notes that accurately valuing blockchain networks remains a challenge, similar to the early internet era. A new proposed valuation framework focuses on 'velocity and flow'—measuring dynamic on-chain economic activity such as stablecoin turnover and DeFi trading volumes—to provide a more native and resilient measure of a network's true utility and value, moving beyond static metrics.

According to @QCompounding, major asset managers are increasingly adopting blockchain to modernize operations and launch innovative products, signaling a significant shift in traditional finance (TradFi). The analysis highlights that BlackRock's tokenized institutional money market fund has already surpassed $2.5 billion in assets under management (AUM), while Apollo's tokenized private credit fund has moved over $100 million on-chain. Despite this growing institutional adoption, the author notes that valuing blockchain networks remains a complex challenge, much like valuing internet companies in the 1990s. The source proposes a new valuation framework focused on 'velocity and flow'—measuring economic activity like stablecoin turnover, DeFi lending, and Real World Asset (RWA) tokenization volumes—as a more robust metric than static measures. Current market data shows major cryptocurrencies like Ethereum (ETH) at $2521.93, BNB (BNB) at $656.36, and Solana (SOL) at $148.00, experiencing minor positive changes, suggesting a period of market consolidation.

According to @QCompounding, the recent wave of crypto-related Initial Public Offerings (IPOs) highlights a significant shift in market dynamics, with Circle Internet Group (USDC issuer) being a standout case. Circle's IPO raised $1.05 billion and its market cap subsequently rocketed to $43.9 billion, indicating massive investor demand. Analyst Aaron Brogan theorizes this success is driven by three factors: a market premium for publicly traded crypto exposure similar to MicroStrategy (MSTR), anticipated regulatory clarity for stablecoins from the GENIUS Act, and increased revenue from high Treasury yields on reserves. However, the valuation appears puzzling when compared to Coinbase, which has a contractual right to half of Circle's reserve revenue. This success is prompting other firms like Gemini and Kraken to consider going public. The analysis also critiques current blockchain valuation methods as inadequate, drawing parallels to the dot-com era's flawed 'eyeballs' metric. A new proposed framework suggests valuing blockchains based on 'velocity and flow'—measuring economic activity like stablecoin turnover and DeFi lending—rather than static assets. This analysis comes as the broader crypto market shows short-term weakness, with Bitcoin (BTC) at $107,659.81 (-2.05%) and Ethereum (ETH) at $2,492.25 (-4.19%), according to provided data.

According to @QCompounding, an analysis of insights from OP Labs' Sam McIngvale suggests a major shift in the crypto and fintech landscape, predicting that every crypto exchange and fintech company will run its own blockchain within the next five years. This forecast is heavily influenced by the success of Coinbase's layer-2 network, Base, which was built using Optimism's (OP) OP Stack, as cited in the report. For traders, the key implication is the monetization of dormant assets; for example, Coinbase can move a user's Bitcoin (BTC) to Base to be used as collateral for a USDC loan, unlocking new liquidity. The analysis notes that other major exchanges like Kraken, Bybit, and Bitget are already developing their own L2s, signaling a potential surge in demand for platforms like Optimism. Furthermore, the source highlights the inadequacy of current blockchain valuation models, comparing them to the dot-com era's flawed metrics. It proposes a new framework focused on 'velocity and flow,' analyzing metrics like stablecoin turnover, DeFi lending, and asset flows between layers to provide a more accurate measure of a network's economic vitality and utility for traders.

According to @OnchainDataNerd, current blockchain valuation models are flawed, mirroring the dot-com era's misleading focus on 'eyeballs' over fundamentals. Existing crypto metrics like Monetary Store of Value (MSOV) or on-chain GDP fail to capture the true economic utility of networks because they treat them like private companies rather than public infrastructure. The author proposes a superior framework based on 'velocity and flow,' which measures the movement of assets through a blockchain's economy. This includes analyzing stablecoin turnover, DeFi lending volumes, NFT trading, and Real World Asset (RWA) tokenization. This model provides a more resilient way to measure trust and utility, crucial for assets like Ethereum (ETH), trading at $2,448.54, and Solana (SOL), priced at $149.71. The analysis highlights that the real value is demonstrated by the convergence of AI and Web3, pointing to firms like AI-safety leader Anthropic achieving a $61.5 billion valuation and Web3 fintech MANSA facilitating $92 million in payments with stablecoins. For traders, this signals a shift towards valuing sustainable economic activity and capital efficiency over speculative metrics.

According to @ThinkingUSD, current blockchain valuation models are inadequate, drawing parallels to the flawed 'eyeballs' metric of the early internet era. The analysis posits that methods like discounted cash flow (DCF) fail to capture the value of blockchains as public infrastructure. A new proposed framework focuses on 'velocity and flow,' measuring on-chain economic activity such as stablecoin turnover, DeFi lending, and Real-World Asset (RWA) tokenization volumes to gauge a network's true utility. This approach is particularly relevant as the RWA tokenization market has surged 380% in three years to $24 billion, according to a report by RedStone, Gauntlet, and RWA.xyz. This growth, fueled by institutional adoption from players like BlackRock and with projections reaching $16 trillion by 2030 (per BCG), represents a significant capital migration that directly impacts the 'flow' metric. Therefore, tracking RWA growth is crucial for the fundamental analysis and long-term valuation of cryptocurrencies like Ethereum (ETH), Solana (SOL), and BNB.

According to @KookCapitalLLC, the next major trend in crypto will be the proliferation of custom blockchains by fintech firms and exchanges, a shift expected within five years. Sam McIngvale of OP Labs, the team behind Optimism (OP), points to the success of Coinbase's Base Layer-2 network as a key catalyst, according to the source. Base, built on the OP Stack, demonstrates how firms can monetize custodied assets like Bitcoin (BTC) by using them as collateral for loans, creating new revenue streams from previously dormant capital. This model is being replicated by other major exchanges like Kraken, Bybit, and OKX, signaling a significant adoption wave for L2 solutions. The source also highlights that traditional blockchain valuation methods are inadequate, drawing a parallel to the dot-com bubble. A new proposed valuation framework focuses on 'velocity and flow,' analyzing metrics like stablecoin turnover, DeFi lending, and asset flows between layers to measure a network's true economic activity, offering traders a more nuanced way to assess value in an evolving market.

According to the author, the ongoing debate over blockchain valuation models creates uncertainty in crypto markets, similar to early internet valuation challenges, which can lead to price volatility and affect trading decisions. Traders should monitor emerging frameworks like velocity and flow, focusing on asset movement and economic activity, to better gauge blockchain utility and anticipate market trends.

According to the article's author, blockchain valuation models remain contentious and underdeveloped, similar to early internet eras, leading to uncertainty in crypto markets like ETH. Current methods such as discounted cash flow or protocol fees are flawed, potentially causing volatility and mispricing. A new velocity-based framework, focusing on economic flow through DeFi and NFTs, is proposed to provide more reliable metrics for traders. (Source: Article's Author)

According to the author, blockchain valuation models remain unresolved, similar to early internet era missteps like the dot-com bubble's focus on eyeballs over earnings, which can lead to market inefficiencies and trading risks for cryptocurrencies such as ETH and ADA. The author proposes a velocity and flow framework, measuring on-chain activities like stablecoin turnover and DeFi lending, to offer traders a more accurate tool for assessing blockchain value and identifying opportunities (source: article).

According to the author, blockchain valuation models are still debated and unstandardized, similar to early internet valuation failures, creating uncertainty for cryptocurrency traders. Current methods like discounted cash flow (DCF) and monetary store of value (MSOV) are criticized as incomplete, potentially misleading investments in assets such as ETH and ADA. The author proposes a velocity and flow framework focusing on transaction dynamics to better assess value, which could inform trading strategies amid market volatility.

According to the blockchain analyst, blockchain valuation models are still debated, similar to early internet valuation struggles, which increases uncertainty and volatility in crypto trading. Traditional metrics like discounted cash flow (DCF) often fail for decentralized networks, while the proposed velocity-based framework—measuring economic flow through DeFi lending, NFT trading, and stablecoin turnover—could provide better insights for assets like Ethereum (ETH) used in these activities. Current market data shows ETH trading at $2421.05 with a 0.767% decline, highlighting the ongoing challenges for traders in assessing true value.

According to the author, blockchain valuation models remain debated and unstandardized, similar to early internet valuation challenges, which could heighten market volatility and create trading opportunities. As stated in the article, current models like discounted cash flow are flawed for decentralized systems, leading to uncertainty that may affect prices, as seen in ETH's recent decline and ADA's mixed performance. The author proposes a velocity-based framework focusing on metrics like stablecoin turnover and DeFi activity, which traders could monitor for better risk assessment and entry points in cryptocurrencies such as ETH and ADA.

According to the analyst, blockchain valuation models remain unstandardized and flawed, similar to early internet valuation failures, which could lead to increased volatility and mispricing in cryptocurrency markets. The author proposes a velocity and flow framework to measure economic movement, such as stablecoin turnover and DeFi activity, offering traders better insights for assets like ETH and ADA.

According to the author, blockchain valuation models remain debated, drawing parallels to the dot-com era, which creates uncertainty for crypto traders as traditional metrics like discounted cash flow (DCF) often fail to capture blockchain value; the proposed velocity and flow framework, focusing on DeFi activity and NFT trading, could provide more accurate insights for trading decisions.

According to the author, blockchain valuation models are still debated and lack standardization, similar to early internet valuation struggles, which creates pricing uncertainty for crypto assets and could increase market volatility. The author highlights that traditional metrics like discounted cash flow are inadequate, and proposes a new framework based on velocity and flow to measure economic activity, advising traders to incorporate such analyses for better risk assessment in cryptocurrency investments.

According to the article's author, blockchain valuation models remain unstandardized and controversial, similar to early internet challenges. Traditional methods like discounted cash flow (DCF) are inadequate for public infrastructure like blockchains, as they miss key aspects such as token emissions and decentralized coordination. A proposed velocity-based framework, focusing on asset movement metrics like stablecoin turnover and DeFi lending, could provide traders with better tools for assessing cryptocurrency investments and market dynamics.

According to crypto valuation experts, the ongoing debate over blockchain valuation models contributes to crypto market volatility, with ETH surging 6.997% to $2399.38 and ADA rising 6.095% to $0.5779 as traders grapple with the lack of standardized metrics. The article emphasizes that traditional models like DCF are inadequate for blockchains, proposing a new velocity-based framework focusing on DeFi lending, NFT trading, and stablecoin turnover to better assess economic activity and trading opportunities.

According to market analysis, blockchain valuation models remain unstandardized, leading to investment uncertainties and market volatility. Current price surges, such as ETH up 7% to $2399, ADA up 6% to $0.58, and DOT up 8.6% to $3.42, reflect the ongoing debate over how to assess crypto assets effectively. A proposed velocity-based model could offer traders better insights into economic flows and utility, as per the analysis.

According to the analyst, blockchain valuation models are still debated, similar to early internet valuation struggles, leading to uncertainty in cryptocurrency markets. This lack of standardized frameworks can cause price volatility, as seen with recent gains in ETH and ADA, where traditional metrics like discounted cash flow often fail to capture true utility. The analyst proposes a new model based on velocity and flow, focusing on usage patterns like DeFi lending and NFT trading, which could provide more reliable signals for traders assessing blockchain assets.