Investment Valuation
Core valuation text for cash flows, discount rates, growth assumptions, and intrinsic value discipline.
Baseline language for translating uncertain future economics into explicit assumptions and ranges.
Library
A source layer for crypto valuation work.
Entries are grouped by research function rather than chronology so the library can operate as a durable source layer for CVL essays and valuation work.
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Core Corpus
The minimum literature map for serious crypto valuation work across valuation method, asset pricing, tokenomics, monetary premium, market structure, and policy classification.
TradFi Foundations Valuation, discount rates, factor models, and risk language
Crypto Valuation Protocol metrics, token-holder capture, and network economics
Crypto Asset Pricing Empirical return structure, factor exposure, and crypto-specific drivers
Market Structure Liquidity, reflexivity, leverage, and price discovery context
Crypto Fundamentals Practitioner metric systems for fees, revenue, users, and token economics
Ethereum Valuation Model sets focused on ETH-specific scenario analysis and framework comparison
Stablecoins / Tokenization Reserve models, settlement assets, and regulated tokenized money
TradFi Foundations
Selected entries for tradfi foundations.
Capital Asset Prices: A Theory of Market Equilibrium under Conditions of Risk
Classical CAPM framework linking expected return to systematic risk exposure.
Useful as a foil for testing whether crypto assets behave like productive assets, monetary assets, or hybrid network assets.
The Cross-Section of Expected Stock Returns
Empirical asset-pricing paper showing that size and book-to-market explain cross-sectional stock return variation beyond market beta.
Useful for thinking about whether crypto needs its own factor structure instead of importing equity factors mechanically.
Crypto Asset Pricing
Selected entries for crypto asset pricing.
Crypto Valuation
Selected entries for crypto valuation.
On the Value of Virtual Currencies
Develops a framework for valuing virtual currencies through transaction use, investor demand, and adoption dynamics.
One of the cleanest academic attempts to separate payments utility from speculative demand.
Tokenomics: Dynamic Adoption and Valuation
Models token value through transactional demand, network effects, and endogenous platform adoption rather than standard cash-flow discounting.
Central for thinking about protocol tokens whose value depends on platform usage and adoption feedback loops.
Market Structure
Selected entries for market structure.
Crypto Fundamentals
Selected entries for crypto fundamentals.
Fundamentals for crypto
Standardizes crypto network metrics such as fees, revenue, users, and token economics using financial KPI language.
Useful practitioner framework for mapping protocol activity into traditional business-analysis terms.
Ethereum Valuation
Selected entries for ethereum valuation.
Intrinsic Value Dashboard
Aggregates multiple Ethereum valuation models across traditional finance and crypto-native methodological categories.
Important precedent for transparent multi-model ETH valuation and scenario-based thinking.
Stablecoins / Tokenization
Selected entries for stablecoins / tokenization.
Stablecoins versus tokenised deposits: implications for the singleness of money
Compares stablecoins and tokenised deposits in the context of money, settlement, and the singleness of money.
Useful for distinguishing crypto-native stablecoins from tokenized bank-money claims.