Ethereum versus the Layer 1 Competition

In this video we perform an analysis of Ethereum versus many of the other top layer 1 crypto networks. We demonstrate how the Ethereum price is justified to a much higher degree than many of it's layer 1 smart contract competitors simply due to the fact that the revenue generated by the protocol is absolutely massive versus the competition. This can potentially be used as a measure of the value of a network in relation to it's competition. We also question how the opposing networks can continue to carry their massive valuations given the race to the bottom atmosphere where we see fees on networks driving lower and lower over time.