One of the oldest debates in crypto focuses on the relationship between the adoption of L1 blockchain networks and the value accrual of their native tokens. The debate is unresolved but it is generally believed that, as long as the L1 token is the preferred asset for transacting on the network, the most widely adopted networks will also end up hosting the most valuable tokens. While the details of the exact argument are network- and token-specific, there is one additional idea that has been echoing in these discussions for at least 10 years. For many, it is the most important distinguishing factor between a handful of L1 ’blue chips’ and the evergrowing long tail of the cryptoasset universe at large. That idea is known as ’monetary premium’ and it is rooted in a fundamental misunderstanding of money.

The Sequencing Value Accrual Simulator is a web-app that simulates the economic value capture for users, applications, and infrastructure players under three sequencing mechanisms: based sequencing, centralized sequencing, and application-specific sequencing. To date, the first two have been the dominant forms of sequencing, whereas the latter enables more programmable and flexible forms of value capture at the level of individual applications and their users. The Simulator is the perfect tool for developers and users alike to visualize value accrual under different assumptions.