The concept of using 'ghost chains' for valuations

Inside the crypto-asset economy, a thesis has taken hold that centers around what is commonly called “ghost chains” and other assets that are seen as more “productive.” The disparaging name has been assigned to networks that are layer-one blockchains and have little to no economic activity taking place on them.

Perhaps the most popular trend at the moment with digital assets is DeFi or decentralized finance. Venture funding is up for these projects, and new protocols keep being created, wherein tokens are rewarded to users who provide liquidity.