Ethereum’s ICO was priced under $25M FDV in 2014.



11 years later, valuations in crypto got obscene.

The 74th L1 raises multiple hundred million $ at a billion dollar valuation and every aave clone thinks it’s worth 9 figures.

This hubris will end most of crypto how we know it.

Study the fall of the Western Roman Empire.
ETH-0.45%
AAVE-2.23%
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