Death of Fat Protocol Thesis Is Bearish for Ethereum | Crypto Briefing

Key Takeaways

  • The thesis holds that base blockchain will be more valuable than the sum of the applications built on top of it.
  • There are three ways this can play out: ERC-20 tokens correct, ETH pumps, or existing conditions continue and the theory is disproved.
  • Of particular interest to investors is the scenario where ETH pumps along with its application, as that creates room for unhinged growth.

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