PANews reported on November 29th that QwQiao, co-founder of Alliance DAO, stated in an article on the X platform that he will not short L1 tokens, but he cannot convince himself that they are "great investments." However, L1 tokens are not "bad investments" either, as there are thousands of assets to choose from, and some high-quality assets can always be found. QwQiao claimed that every asset he currently holds has a sustainable competitive advantage and operates in an exponentially growing field. QwQiao previously pointed out that L1 tokens lack a moat, are easily commoditized, and are difficult to capture meaningful value, suggesting that betting on the application layer may be the way out.PANews reported on November 29th that QwQiao, co-founder of Alliance DAO, stated in an article on the X platform that he will not short L1 tokens, but he cannot convince himself that they are "great investments." However, L1 tokens are not "bad investments" either, as there are thousands of assets to choose from, and some high-quality assets can always be found. QwQiao claimed that every asset he currently holds has a sustainable competitive advantage and operates in an exponentially growing field. QwQiao previously pointed out that L1 tokens lack a moat, are easily commoditized, and are difficult to capture meaningful value, suggesting that betting on the application layer may be the way out.

                                                                               Wormhole’s native token has had a tough time since launch, debuting at $1.66 before dropping significantly despite the general crypto market’s bull cycle.                     Wormhole, an interoperability protocol facilitating asset transfers between blockchains, announced updated tokenomics to its native Wormhole (W) token, including a token reserve and more yield for stakers. The changes could affect the protocol’s governance, as staked Wormhole tokens allocate voting power to delegates.According to a Wednesday announcement, three main changes are coming to the Wormhole token: a W reserve funded with protocol fees and revenue, a 4% base yield for staking with higher rewards for active ecosystem participants, and a change from bulk unlocks to biweekly unlocks.“The goal of Wormhole Contributors is to significantly expand the asset transfer and messaging volume that Wormhole facilitates over the next 1-2 years,” the protocol said. According to Wormhole, more tokens will be locked as adoption takes place and revenue filters back to the company.Read more