Dragonfly managing partner Haseeb Qureshi has sharpened his defense of Ethereum’s valuation, arguing that critics are using the wrong financial framework. In a recent podcast appearance, he contended that ETH should be analyzed more like an early-stage Amazon than a mature value stock, with blockchain fee revenue treated as pure profit rather than traditional sales. This perspective challenges conventional metrics and reframes the debate around how to properly value foundational layer-1 blockchain technology during its exponential growth phase.
about Haseeb Qureshi: Ethereum's Valuation Should Mirror Early AmazonSantiago Santos
0 posts last weekPolychain Capital Leads Eight Million Dollar Funding for Fluent Labs Ethereum L2
Fluent Labs has secured $8 million in funding led by Polychain Capital to develop an Ethereum layer-2 solution that integrates WebAssembly, EVM, and SVM, enabling developers to create applications across multiple blockchain ecosystems without compatibility issues. With 60 projects already in development, the firm aims to enhance user experience through true cross-VM composability, allowing seamless access to various applications without the need for multiple wallets. The funds will also support team expansion, particularly in engineering.
about Polychain Capital Leads Eight Million Dollar Funding for Fluent Labs Ethereum L2Binance Maintains Dominance Amid Challenges and Memecoin Surge
Binance continues to thrive despite challenges, maintaining its position as the leading exchange by trade volume, with $9 billion in daily transactions. The platform has effectively dominated the memecoin market, controlling 44% of the volume on centralized exchanges, while listing a selective range of coins to ensure user safety. New CEO Richard Teng emphasized the stringent listing criteria, which allows Binance to remain competitive amid increasing market pressures.
about Binance Maintains Dominance Amid Challenges and Memecoin Surge