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Apps like Ethena are launching their own blockchains, raising the question: Do blockchains actually capture value, or do apps?
Blockchains were supposed to capture the majority of the value in crypto. But what if that’s wrong?
For years, the Fat Protocols Thesis argued that blockchains would be the biggest winners. But new data suggests that apps like Uniswap, Ethena, and others are now out-earning many networks.
DEX in the City: How Even TradFi Wants to Pass the Crypto Market Structure Bill - Ep. 989
How Crypto Users Get Rekt and How You Can Stay Safe - Ep. 987
Bits + Bips: Will Crypto Rise on Liquidity or Will 2026 See Another Washout? - Ep. 988
Lessons From A Successful Tokenization Project & What Market Structure Reveals About Trump-Linked WLFI’s False Promises: Bits + Bips - Ep. 986
DAT Stocks Are on Sale. Are They a Buy? Plus, Why Crypto Is Dead - Ep.985
Uneasy Money: Why Tokenholders Have No Rights & Why Every DAO ‘Has Failed’ - Ep. 984