Sponsor: Uniswap Labs — Uniswap Labs launched a $15.5 million bug bounty to help secure V4.
📸 Daily Market Snapshot: As ETH pops above $4K, investors are cautiously hoping the worst is behind the ETH:BTC ratio, which has climbed some 25% since hitting cycle lows last month. With BTC already pushing through the $100K barrier, narrative momentum may be shifting to when ETH will hit its own all-time highs. ETH still has a ways to go, still trading 20% below its ATH of $4,891.
Traditional methods for valuing blockchain networks often mischaracterize them, treating them like corporations and using formulas that were specifically designed to calculate fair stock prices based on very narrow considerations. This approach is fundamentally flawed.
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