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    Top Crypto Layer 1 (L1) Chains Ranked + Valued based on IA DAU Metric



    #TopL1s #BestBlockchains #DAUs #a16z #Ethereum #Cardano #Solana #Fantom #Algorand
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    DISCLAIMER: The information contained in this video is for informational and educational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses a considerable risk of loss. The speaker does not guarantee any particular outcome.
    00:00 Introduction
    00:37 The Story
    01:00 Motivation for Analysis – a16z Report
    01:30 Blockchain Analogy – Shopping Mall
    02:13 Ghost Malls – Ghost Chains
    02:44 ETH: Active Addresses vs Price
    03:21 Ethereum Daily Active Addresses
    03:41 ADA: Active Addresses vs Price
    04:29 Cardano Daily Active Addresses
    04:48 DOT Daily Active Addresses
    05:21 XTZ Daily Active Addresses
    05:38 Tron Daily Active Address vs Price
    06:28 Solana Daily Active Addresses
    07:16 Avalanche: Daily Active Addresses
    07:48 Fantom Daily Active Addresses
    08:22 Polygon Daily Active Addresses
    08:36 PolygonScan . com Daily Active Addresses
    09:00 Algorand Daily Active Addresses
    09:26 Near Daily Active Addresses
    09:49 Flow Daily Active Addresses
    10:14 SOL, ETH, MATIC, BNC
    10:53 Warning
    11:10 Top DAU Chains Development 1 Year
    11:26 Top L1 Chains Summary – ETH Wins
    12:27 SOL already has per a16z
    12:32 All Chains Shrinking Except SOLANA
    13:04 Top L1 Chains
    14:37 Theoretical Price Model Based on ETH Valuation
    15:49 Invite to #1 Algo Fan – Da Mooch
    16:08 Audience Qs
    16:34 Do you think switching my SOL and alts to BTC now is a good idea until BTC is healthy again, then buy back in? All are loss so no CGT. Just bleeding..
    19:36 Excluding cold and hot wallets . How would the community be if everyone had a Stop Limit?
    21:00 please look into Radix, a revolution brewing
    22:19 thoughts on luna 2.0? Im steering clearing, way too much smoke & fire w/Do Kwon.
    23:15 I own SOL MATIC AVAX FTM DOT LINK I am down 50% – 60% on them all, would you DCA or HOLD at this point? I have the cash to double down on all of them if the time was right

    View 46 Comments

    46 Comments

    4. Farmer G on

      Nansen AI shows 56k daily actives for Fantom. 650 DAU is entirely incorrect. The chain would be dead and it has $1.6bn TVL, with transaction rates that support those metrics.

      It won’t let me post the link to Nansen but google for it. Other chains data in there too.

      Please recheck Fantom and Polygon. Thanks, James.

    12. Paulo Santo on

      Michael Saylor, Greg Foss, Jeff Booth, Robert Breedlove, Max Keiser all Bitcoin maxis as far as I can tell. Nuff said, follow the money and the intelligent people. Trade/ buy shitcoins with money you are willing to lose.

    14. John L on

      Good video James. I do not agree with all but appreciate the effort to deliver information to others so they decide for themselves.

    15. G H on

      Disappointed to see Harmony left out of this analysis. It was my first Layer 1 I ever deep dived into and I believe has plenty of potential yet to be realized.

    16. Dave Glen on

      James on the Theoretical Price Model, you skipped comment about MATIC's super low price target of $0.22…Yet the other day you were super bullish on MATIC's future…What am I missing ser?

    21. Valkyrie on

      I like your channel and think the content is great, but why do you not put XRP on your charts considering they are No4 on coin market cap if you take out the stable coins??

    24. N K on

      Looking at L1 architecture. Every chain will have hard time competing with Nervos. Solution: Most chain will end up copying it

    26. Alpha Research on

      solana is full of bots and algo trading. wouldn't trust these numbers. this is very biased "data" analysis. cherry picking data left and right for a preformed narrative that supports a very specific bag holder. come on. this is not data driven, lol

    28. Neil Óg on

      Thanks again for another thought-provoking video. Looking at some native block explorers just afterwards for 25 May, Ethereum shows 1,094,639 txns, Binance Chain 4,514,866, Fantom 884,652, Avalanche 234,868, Moonbeam 41,185 and Gnosis 63,787. This scenario (on its own) suggests plenty of activity for a bear market, and most of these figures are in consolidation ranges.

    30. Rakhman Kurbanov on

      James, appreciate the content. But, I don't think you can use Value per Customer (MC/DAU Ratio) in DeFi realm to compare the relative value (I agree it is a common metric but not in DeFi, it is invalid when it comes to DeFi) since all characteristics differ:
      1) Transaction fee
      2) Transaction speed
      3) The nature of the transaction

      Maybe TVL/DaU ration will be more beneficial

    35. macram borg on

      Great content James, always learn something new through your vids. True that Solana dwarfs ETH in daily transactions and active wallets, that's due to it's low cost. Don't think that's the only metric we should be looking at. If you look at the a16z report, fees paid by users (7D average ETH = 15 Million vs SOL 60K). People are still willing to pay to use the network for varies reasons. Monthly active developers also shows ETH is far ahead (ETH = 4K vs SOL 1K) but it's impressive to note that SOL picked up so much in such a short time.

    36. Herbaceous Boredom on

      Out of interest wouldn't the average transaction value per daily active user be a better metric for determining the health and value of a blockchain, and therefore relative value compared to other blockchains? For instance, Ethereum may have fewer DAUs but if they are all whales throwing 100s of millions around isn't that better than another chain with millions of users spending 10s to thousands?

      I can see a future where corporations and high net worth people stick with the tried and true, 'approved' chains regardless of speed or cost, and the average person will be chain-agnostic but price-sensitive (and the actual chain complexity will be utterly hidden from them in any case).

      Also, people migrating away from Ethereum will drive down fee charges! It's still comparatively very expensive but I checked a fee three times today because I couldn't believe it was low, single digit $!

    37. ancient e- on

      New Luna? My answer: Arghhhhhhhhhhhhh!!! Screamed at the top of my lungs as I run away as fast as I can with arms/hands raised/waving in extreme fear/panic above my head. Dump, run, and hide, don't let it get you!

    38. Daniel Brambila on

      Great analysis, as always! I believe SOL is the best bet above ALGO & FLOW, given current adoption, user count, and price potential. Squeezing out 11X from SOL seems much more likely & less risk than 12-13X from ALGO & FLOW. DYOR. Waiting for the next big drop to accumulate more SOL.

      ETH is the AOL equivalent. Will pump again but ultimately destined to be overtaken by a better chain that is well architected from the ground up.

    40. steveetienne on

      I wonder James if DOTs daily active users maybe artificially low due to many DOT holders having staked their bags into the parachain auctions?

    41. Peter Vacho on

      I've been watching blockchain/crypto people on youtube for years and glad I saw you on cryptobanter (not a fan anymore). You're one of the best (along with blockchain backer) and appreciate all your hard work. Serious question though…how many black collared shirts you got?! (Joking)

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