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Omni

5 pieces · Nov 2023 to Oct 2024 · 1 flagship

Sectors

Ethereum3 DeFi3 ZK2 L1/L22

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Coverage per year

12023

42024

Price and coverage

Omni Network $OMNI

Calls: None yet
Since listing: −99.6%
vs BTC: −99.7%
Last trade: $0.0966

bullish thesis bearish thesis coverage, no call map, list or mentionWeekly closes in USD, log scale, as of 23 Oct 2026. Call figures turn cyan when the price moved the way the call pointed. Each marker links to its piece.

Start here · the strongest pieces on Omni

Thesis17 Oct 2024Is EIGEN undervalued? Intersubjective security and valuation mathExplains why EIGEN sold off, how its intersubjective forking security and dual-token design work, then values it with a PE-100 model. Concludes EIGEN is massively undervalued, with $20B plausible if AVSs reach a $5B to $10B combined market cap.Thesis01 Oct 2024EIGEN valuation napkin math: restaking demand and AVS feesBack-of-envelope case that EIGEN at a $7.5B valuation is undervalued: a PE of 100 implies $75M earnings, or $150M annual protocol rewards if EIGEN earns half. That is reachable if AVSs pay 3-5% of inflation and have a $5B-$10B cumulative market cap.Thesis19 Sep 2024Union: ZK-powered IBC interop and the Wandering Whale Sharks NFT airdrop caseArgues Union, a ZK-powered interop layer scaling IBC beyond Cosmos, will be a major player and that the official NFT collection likely gets a UNO airdrop. Benchmarks against interop FDVs and notes Berachain and Movement partnerships.

Timeline · every piece, newest first

2024 4

17 Oct 2024Is EIGEN undervalued? Intersubjective security and valuation mathExplains why EIGEN sold off, how its intersubjective forking security and dual-token design work, then values it with a PE-100 model. Concludes EIGEN is massively undervalued, with $20B plausible if AVSs reach a $5B to $10B combined market cap.ThesisEthereumDeFi

01 Oct 2024EIGEN valuation napkin math: restaking demand and AVS feesBack-of-envelope case that EIGEN at a $7.5B valuation is undervalued: a PE of 100 implies $75M earnings, or $150M annual protocol rewards if EIGEN earns half. That is reachable if AVSs pay 3-5% of inflation and have a $5B-$10B cumulative market cap.ThesisEthereumDeFi

19 Sep 2024Union: ZK-powered IBC interop and the Wandering Whale Sharks NFT airdrop caseArgues Union, a ZK-powered interop layer scaling IBC beyond Cosmos, will be a major player and that the official NFT collection likely gets a UNO airdrop. Benchmarks against interop FDVs and notes Berachain and Movement partnerships.ThesisZKL1/L2

19 Apr 2024MGX as a proxy for GASP: 3% airdrop and FDV comparisonMGX holders get 3% of GASP supply, so MGX at a $1.4M FDV implies GASP near $46M FDV. Compares with THORChain ($2B) and Chainflip (over $300M) and sees a few hundred million as plausible, while flagging distribution and snapshot uncertainty.Market takeDeFiEthereum

2023 1

13 Nov 2023zkAlpha watchlist update: ten new ZK, RaaS, DVT and MEV projectsAdds ten projects to a maintained watchlist (over 120 tracked) with one-line descriptions: prover network, verifiable compute, post-quantum ZK rollup-as-a-service, shared sequencer, RaaS, DVT infrastructure and MEV-protected cross-chain swaps.MapZKL1/L2

Often covered with

EigenLayer110 EigenDA60 eOracle32 AltLayer23 Union36 LayerZero35 Wormhole24 Axelar32

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