Ashwath Balakrishnan

Explore All Crypto Projects This calculator is designed as an informative tool for users interested in analyzing Coinbase’s financial metrics, with a particular focus on Coinbase revenue derived from transaction volumes.

Pushing DeFi Forward: Themes for the Future Theme #1: Tailwinds for DEXs — A Loss of Trust in Centralized Platforms An overarching theme of this report revolves around users losing trust in centralized platforms — specifically with respect to crypto markets. The collapse of FTX posed a systemic risk to crypto markets, and the exchange’s demise brought down a number of big players in the industry. We will continue to feel the wreckage from this event for months and years to come.

Go grab a few bankers, and ask them how to value Apple stock. You get more or less the same answers about discounted cash flows, relevant multiples, etc. Then grab the most seasoned crypto minds around, and ask how do you value ETH? In fact, ask them why tokens have any value at all. Are cryptocurrencies really currencies? Commodities? Equities? Bonds? Mayhem ensues. Tokens fall into different buckets on that spectrum of “what the heck are these things anyway”?