STATE OF THE APPLICATION LAYER

Summary from the TLDR Crypto newsletter

This article discusses the current state of crypto applications, asserting that much of the space is focused on infrastructure while there is still sparse user demand. The author argues that applications offer true value when they provide significant improvement for users, but so far, most blockchain applications have underutilized potential. They propose focusing more on proven areas such as stablecoins and stores of value and simply experimenting at the fringes to learn what other use cases might gain traction.