According to Odaily, Pima, a partner at Continue Capital, recently shared his views on blockchain development and investment strategies on platform X. He emphasized that MEV (Maximum Extractable Value) is a fundamental indicator of a blockchain's future prospects in the long run. He also mentioned that TVL (Total Value Locked) is a meme, suggesting that it becomes a more accurate measure of capital turnover rate once the price of L1 Tokens is increased by 5x-10x to align with ETH (Ethereum).
Pima further stated that FDV (Fully Diluted Valuation) is not a meme and that economic security is unreliable, citing LUNA and ATOM as examples. He pointed out that the execution layer is the most significant value capture area. He also noted that a blockchain's dex (decentralized exchange) data better reflects the prosperity of its ecosystem. However, he advised removing data from stablecoin exchange transactions and L1 Token-U/ETH transactions, as some dex's have 60% of their trading volume from these types of transactions.
In addition, Pima highlighted that the target audience for L1/L2 (Layer 1/Layer 2) should be developers, not community users. He advised against developing strategies around the community and instead focusing on developers. He also predicted that the market capitalization and trading volume in the crypto space would be significantly concentrated, similar to the 'Big Seven' in the U.S. stock market.
Pima urged not to focus solely on user numbers but also on revenue, stating that the ultimate goal of acquiring users is to find a business model to monetize them. He is committed to introducing traditional investment systems and valuation models into the crypto space, believing that value is the foundation of prosperity.