Mike Dudas of 6th Man Ventures has shared his insights on major Layer 1 blockchains, highlighting Ethereum's lack of a coherent narrative and confirming zero exposure to it at 6th Man. He likens Hyperliquid to Tether, suggesting it functions more as a stable asset in DeFi rather than a competitive Layer 1 blockchain. Meanwhile, Solana's performance is seen as having peaked with memecoins, indicating a need for new growth drivers. Dudas also provides a framework for evaluating token worth, emphasizing the importance of strategic buybacks over discretionary ones. He notes that while agentic trading holds potential, agentic payments face competition from established players like Visa and Mastercard.