EXPECTED VALUE IN CRYPTO & BUILDING INFINITE BLOCKSPACE

Summary from the TLDR Crypto newsletter

The fat protocol thesis, that most value will accrue to the underlying chains, is something that has gained popularity - it has been true so far in the space. Builders are focusing more on developing new L1 and L2 solutions instead of decentralized applications or application-focused protocols. This fragmentation could lead to surplus useless blockspace. Despite blockspace being one of the valuable aspects of crypto, the continuous creation of new blockspace could be a waste of resources. This article discusses three potential outcomes for the future of crypto, underscoring the importance of changing current dynamics to incentivize more diversity in the space.