DeFi Uncovered: Hunting for Value
Title image made using a planet from NFT collection Procedural Space. The ETH rally has continued, with prices breaching the $3,000 level. The rally accompanies continued enthusiasm surrounding NFTs and the successful implementation of EIP-1559 in the London hard-fork activated last week. On-chain activity has also seen an upswing, largely driven by the launch and excitement around a constant stream of new NFT collections.In this piece we will explore: The initial effects of EIP-1559 following launch.Explore relative valuation models for governance tokens.Assess token valuations across the space using on-chain data.