Is it difficult for Ethereum to reach new highs again? Analyzing the debate between Santiago and Haseeb: Are L1s seriously overvalued?Inversion founder Santiago Santos and Dragonfly managing partner Haseeb Qureshi recently got into a heated argument on X regarding L1 valuations. The former bluntly claimed, "Most L1s are severely overvalued, and ETH may never return to its ATH," while the latter fired back, "These aren't companies, they're nation-level infrastructure—you are underestimating long-term exponential growth."
Now, the two have participated in a live debate lasting over an hour, moderated by crypto KOL Threadguy, delivering an intense and in-depth exchange on the topic of "How should L1s actually be priced?"
L1 Value Bubble? Santiago: Valuations are out of touch with reality, demand isn't there
Before the debate even began, Santiago got straight to the point: "In the past ten years, over a hundred
ChainNewsAbmedia·2025-12-04 09:24