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Lyra 💟
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Lyra 💟
@Lyra__eth
Crypto Enthusiast 💯 • Motivational quotes. Some post are ADS, NFA,DYOR. Since 2022 $ETH TG : https://t.co/XcCEOBBLbO
🇵🇭 Bergabung Kasım 2024
286 Mengikuti14.4K Pengikut
Lyra 💟 me-retweet
Lyra 💟 me-retweet

Hi, guys! I'm currently looking for a Marketing Admin who can help me find sponsors for our giveaways. You'll receive 50% of the sponsorship fees as your commission. ✨
If you're interested and would like to know more, please send me a DM. Thank you! 🫶
Lyra 💟@Lyra__eth
Sponsor cutie! 🥹 DM me for pr0motion. 💌
English

Let's reach 1k entries now! 😚
Lyra 💟@Lyra__eth
$ 5 | 5 hours ~ L145 🪄 - R + F : @batikaneth 🔔 (AD, NFA, DYOR)
English
Lyra 💟 me-retweet

Valuing Ethereum Based on Fees Is Completely Ridiculous
David Hoffman:
"Say what you will about the difficulty of valuing smart contract chains based on fees and revenue… but fees and revenue are clearly the way that smart contract L1 assets improve their pricing power.
By 2026, we have ample amounts of data that all of these things are intimately correlated: L1 activity, L1 fees, and L1 native-asset price appreciation."
I disagree with this viewpoint:
Years ago, when Ethereum transactions cost $50 each, were you celebrating… or were you complaining that the network was too slow and too expensive?
That’s the key point most people miss: when an L1 blockchain generates high fees (what many call “revenue”), it simply means users are paying high costs. That’s bad for users, bad for the apps built on top of it, and the wrong way to value the project.
Any truly successful L1 will naturally push transaction fees lower over time. Lower fees create a better experience for everyone — users, developers, and protocols — which drives more adoption and real growth.
Hyperliquid is a different story. It’s a DEX, and traders are happy to pay fees to trade there. A big chunk of those fees is used to buy back the native token and burn it, permanently reducing supply. In that case, valuing the token based on the fees it generates actually makes sense.
But Ethereum is not a trading platform like Hyperliquid. You cannot value $ETH based on the fees generated by the L1 base layer. That approach is fundamentally flawed.
Instead, we should use the framework proposed by Tom Dunleavy and others — one that actually makes sense: value ETH based on the total assets it is securing and protecting on the Ethereum network.
Right now, Ethereum is protecting roughly $250 billion in assets (stablecoins, tokenized real-world assets, Layer-2 bridges, DeFi, and more). Yet the amount of ETH staked to secure all of that is only about $72 billion — far too low.
Think about what happens as adoption grows. When major institutions like BlackRock start moving serious capital on-chain, the value of assets on Ethereum could easily exceed one trillion dollars. At that scale, the value of staked ETH will need to rise dramatically to keep everything safe and secure.

English

$ 5 for the lucky joiner! 👇
Lyra 💟@Lyra__eth
$ 5 | 5 hours ~ L145 🪄 - R + F : @batikaneth 🔔 (AD, NFA, DYOR)
English

@chimmy_elle Rest your account po then mag request ka po sa mga moots mo na itag ung usn mo.
Filipino

E N D E D ! 🥳
Congr@ts to the new W!nners! 🏆
c h e c k ➡️ x.com/ariasce1530
We still have one giveaway left! 🎉
Be sure to check our pinned post and keep joining, everyone. 💖 Thank you so much for all the support.
- - -
"Don't give up. Great things take time."
English

$ 2 | FAST ~ L143 🐋
- R + F : x.com/whaleflowpro
(AD, NFA, DYOR)
Türkçe

$ 3 | 180 mins ~ L141 💌
- R + J0in TG ⏬ (+pr0of)
t.me/chinnagiveaways
(AD, NFA, DYOR)
Indonesia

