Pro
Narrative Games: Part 1
This report was originally published as an Enterprise tier report on June 7, 2024.
Key Insights
- Messari Research holds quarterly "Narrative Games" meetings to assess the potential of compelling narratives based on token supply overhang, impact, probability, and market consensus.
- The first part of “Narrative Games” covers three major DeFi and yield-related narratives. The next part will focus on consumer themes.
- Real World Assets are a compelling narrative that could significantly align TradFi and crypto markets, but their near-term likelihood is low.
- A new Yield Meta has a high probability of occurring but will likely have minimal impact as the market has already priced it in.
- Shared security protocols like EigenLayer are likely to create a significant impact. However, they are still early with large future supply unlocks and have consensus buy-in.
Let us know what you loved about the report, what may be missing, or share any other feedback by filling out this short form. All responses are subject to our Privacy Policy and Terms of Service.
Kinji formerly covered crypto at Morgan Stanley. His primary interests are DeFi, Ponzi's and unstable stablecoins.
Kunal previously worked in equity research and now considers himself a financial analyst in crypto. He specializes in valuation and bottom-up analysis for Layer-1 and DeFi protocols because he has yet to learn of a way to value NFTs.
Mentioned Assets