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Two weeks ago, I wrote about the protocols with strong fundamentals, such as outsized revenue or token supply, that were showing promise amid the latest wave of price appreciation.
Now, we're taking that same fundamentals-driven approach to dive deeper into L1s and L2s.
Whether it's the influx of institutional investment or the general disillusionment with high-FDV token launches, the recent surge presents a potential opportunity to take a closer look at the fundamentals of blockchains overall, including, not only their revenue, but also their earnings.
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