All gas tokens are going to be abstracted away into the background to reduce payment friction (e.g., paymasters) Most users will pay tx gas fees in stablecoins or these costs will be covered (sponsored) by dApps This goes for Ethereum mainnet, L2 networks, alt L1 networks like Solana, and every other blockchain network design Nobody wants to manage dozens of gas coins across hundreds of blockchains, they just want to transfer their stablecoins and shitcoins around Tokens will accrue value via the revenue their protocol can generate and their ability to direct this revenue to token holders over time The ‘moneyness’ monetary premium and ‘prestine collateral’ properties will be relevant for only a select few coins and will continue to be mostly dominated by BTC