Key Insights

• Shift to Fundamental Analysis: Cosmo Jiang at Pantera Capital emphasizes that a focus on fundamental analysis is returning to the crypto space, driven by institutional investor interest.

• Role of Institutional Investors: The maturation of the industry will largely depend on institutional capital, which demands strong fundamentals for investment.

• Investment Strategy: Jiang's approach involves assessing projects for product-market fit, focusing on the team's execution capabilities and potential economic benefits from their tokens.

Analyzing Solana and Ethereum

Jiang compares Solana and Ethereum while observing that:

• Solana shows significant daily active usage (nearly 3 million), whereas Ethereum has about 454,000.
• The two networks differ in architecture; Solana maintains a monolithic structure whereas Ethereum uses a modular approach, leading to different valuation dynamics.

Closing Thoughts

Jiang predicts that the future of crypto investing is likely to foster a stronger emphasis on fundamentals, envisioning significant growth ahead, particularly with blockchain technology reaching broader audiences.