John Todaro, Needham sr. analyst, joins 'Squawk on the Street' to discuss the disconnect between crypto exchange Coinbase's stock and bitcoin, and why there is a pick-up of interest in layer one crypto assets. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi
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Francisco Gimeno - BC Analyst There has been a lot of activity in the crypto market, with layer one crypto assets like Solana, Avalanche, etc, promising more transactions at lower gas cost than Ethereum, while BTC and Eth prices go up. Of course this appears in Coinbase, as movements in investments too. Ethereum continue to be much more solid yet than other, but to work in DeFi you have to better use these layer one applications to make transactions affordable.