Unpacking FDV, Token Distributions, and Hidden Value in Bull Markets | Roundup

In this week's round up the crew kicks things off with discussing recent commentary and analysis around Bitcoin ETF dynamics and the case for a potential Ethereum ETF approval. A debate then ensues on conceptual frameworks for valuating crypto tokens using market capitalization versus fully diluted valuation metrics and draw interesting parrelels of start-up equity vs token distributions. To close out they dig into Dencun, a controversial proposal to cap max percentage of ETH staked, and Gauntlet's recent move to terminate its risk service contract with Aave. Thanks for tuning in!

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Restaking is the biggest shift in Ethereum's staking landscape yet, and Swell is leading the charge with Liquid restaking token, rswETH.

Restake your ETH with Swell to earn Pearls, EigenLayer points, and future restaking rewards — while still being able to participate in DeFi.

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Follow Swell: https://twitter.com/swellnetworkio

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Flood is the optimal DEX aggregator, giving users and developers the mathematically proven best price.

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(0:00) Introduction

(3:19) Bitcoin ETF Coping

(6:32) The Case for an ETH ETF

(17:33) Is FDV a Meme?

(32:30) Wormhole Ad

(33:05) Swell Ad

(34:18) Flood Ad

(35:17) Startup Funding vs Protocol Funding

(47:56) Return of ICOs

(53:09) Bitcoin Surpasses ATH in 14 Countries

(55:07) Ethereum 4844 and Dancun Upgrade

(1:02:14) Gauntlet Terminates AAVE Contract

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Disclaimer: Nothing said on Bell Curve is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mike, Jason, Michael, Vance and our guests may hold positions in the companies, funds, or projects discussed.tt and our guests may hold positions in the companies, funds, or projects discussed.

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