Why We're Bullish L2s
Bankless
Bankless
4.7 • 1.2K Ratings
🗓️ 17 January 2024
⏱️ 51 minutes
🧾️ Download transcript
Summary
Are L2 tokens worthless governance coins? Will they accrue value? Are L2 tokens bullish? Ryan and David dive into the details in this week’s episode of Bankless Takes.
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TIMESTAMPS & RESOURCES
0:00 Intro
3:03 L2s Numbers
https://www.growthepie.xyz/fundamentals/daily-active-addresses
https://l2beat.com/scaling/summary
https://defillama.com/chains
16:55 Tokens Worthless?
https://x.com/RyanSAdams/status/1745919415604883725
32:30 P/E Ratios
36:05 Token Valuations
38:40 Alt-L1 Bull Case
44:40 Summarizing
47:00 Closing & Disclaimers
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Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Why are L2 tokens bullish? |
| 0:02.0 | That is the topic today on Bangladesh Takes. |
| 0:04.0 | Bangless steaks is an episode where David and I just speak our mind on whatever we want to talk about and today we decided to talk about... |
| 0:10.0 | We want to talk about Lair 2 tokens. |
| 0:12.0 | Yeah, are they bullish? |
| 0:13.7 | I mean, that was kind of a question. |
| 0:15.2 | A few things we're going to take on. |
| 0:16.7 | The question of, are L2 tokens worthless governance tokens? |
| 0:21.3 | That is narrative going around. Well, they accrue any value or are they actually |
| 0:25.7 | bullish? Brian, before we get into the conversation, why? Why are we having this conversation? |
| 0:30.6 | Where did this come from? Well, you were out mountain climbing David there was some robust |
| 0:34.9 | discussion in the Bankless Citizen Discord as there always is by the way so if you are |
| 0:39.2 | a bankless crescendoing you should join a big discussions. Anyway, the question was posed exactly as I stated, like, are L2 tokens going to go up? Are they bearish? Are they bullish? Are they just worthless governance tokens? how should we think about them, |
| 0:53.4 | how do you guys think about them, |
| 0:55.4 | and so this is essentially my answer to this. |
| 0:58.6 | And I want to see how much you agree with that answer |
| 1:01.8 | and we may as well record it as an episode sound good |
| 1:04.4 | I think we should do it and we'll get right into that conversation but before we do a moment to talk about some of these |
| 1:10.6 | fantastic sponsors that make this show possible, especially |
| 1:13.2 | Krakhan, our preferred exchange for getting off and on the layer twos that we're probably |
| 1:17.9 | about to talk about here in this episode today. |
| 1:20.1 | Let's go hear from Krakan right now. |
... |
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