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.