DefiLlama
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- In the news by UnchainedArca's Jeff Dorman calls Vitalik Buterin's ETH store-of-value case misguided
- In the news by The DefiantGHO's reported supply falls 61% after DefiLlama accounting change
Recent news
Arca's Jeff Dorman calls Vitalik Buterin's ETH store-of-value case misguided
Arca chief investment officer Jeff Dorman said on Unchained that Vitalik Buterin's November 8 X thread, which argued ETH is better as a store of value than as a fee-burning token, is misguided. Dorman estimated Ethereum's recent revenue at about $6 million over 30 days and said roughly $200 billion of ETH's valuation is social value, while suggesting Ethereum could tax the apps built on it.
GHO's reported supply falls 61% after DefiLlama accounting change
DefiLlama's circulating supply figure for GHO fell 61% after the tracker began excluding idle, pre-minted tokens. The GHO contract on Ethereum still reports 699 million tokens issued, so the drop reflects how circulation is calculated rather than the on-chain total.