Research
Pro
Valuations
Mainnet 2021
Layer-1

Speculation and The Smart Contract Wars

Sep 7, 2021 ⋅  9 min read

Smart contract platforms are once again the center of speculation, but this time with a twist. Unlike prior cycles, smart contract platforms are no longer mere ideas for world computers, they’re lively ecosystems of users, capital, and applications that are driving trillions of dollars in economic activity. Many are beginning to gain traction relative to Ethereum as it struggles to scale quickly enough to meet user demand. They’re prices are soaring in lockstep. Are these valuations rational?

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Ryan Watkins was a Senior Research Analyst at Messari. Previously, he worked at Moelis & Company as an Investment Banking Analyst where he worked on deals in the technology, telecom, and fintech sectors. Ryan graduated Magna Cum Laude from the Gabelli School of Business at Fordham University.

About the author

Ryan Watkins was a Senior Research Analyst at Messari. Previously, he worked at Moelis & Company as an Investment Banking Analyst where he worked on deals in the technology, telecom, and fintech sectors. Ryan graduated Magna Cum Laude from the Gabelli School of Business at Fordham University.