Crypto assets and blockchain technology are about to transform every trust-based interaction of our lives, from financial services to identity to the Internet of Things. In this podcast, host Laura Shin, an independent journalist covering all things crypto, talks with industry pioneers about how crypto assets and blockchains will change the way we earn, spend and invest our money. Tune in to find out how Web 3.0, the decentralized web, will revolutionize our world. Disclosure: I'm a nocoiner.
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Crypto assets and blockchain technology are about to transform every trust-based interaction of our lives, from financial services to identity to the Internet of Things. In this podcast, host Laura Shin, an independent journalist covering all things crypto, talks with industry pioneers about how crypto assets and blockchains will change the way we earn, spend and invest our money. Tune in to find out how Web 3.0, the decentralized web, will revolutionize our world. Disclosure: I'm a nocoiner.
Ethena's L1 Shows Fat Apps Are on the Rise. Can They Beat Fat Protocols? - Ep. 804
Unchained
46 minutes
8 months ago
Ethena's L1 Shows Fat Apps Are on the Rise. Can They Beat Fat Protocols? - Ep. 804
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.
Are we watching the rise of “Fat Apps” instead?
On this episode, Ryan Watkins, Co-founder at Syncracy Capital, talks about:
Why the biggest apps are generating more revenue than many layer 1s
Why Ethena is launching its own blockchain
What this means for Ethereum, Solana & other L1s
How blockchains can compete on value capture
Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com
Thank you to our sponsors!
BitKey: Use code UNCHAINED for 20% off
FalconX
Mantle
Guest
Ryan Watkins, Co-founder at Syncracy Capital
Links
Unchained: Ethena Labs and Securitize to Launch New EVM Blockchain for DeFi
Syncracy Capital: Applications Capture Fees, Blockchains Store Value
Hansolar’s tweet
Pump.fun launches its own DEX
Timestamps:
👋0:00 Intro
💰 2:12 Why apps are out-earning the blockchains they run on
🔗 5:44 Ethena’s move: why it’s launching its own chain
📈 8:33 The rise of “Fat Apps” and what it means for crypto
🚀 12:50 How today’s crypto founders think differently from past builders
🏆 15:51 The blockchain architectures that will dominate
⚖️ 22:32 Whether L1s can compete in this new environment
📊 241:27 How blockchains accrue value and why MEV isn’t the best metric
📰 31:00 News Recap
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Unchained
Crypto assets and blockchain technology are about to transform every trust-based interaction of our lives, from financial services to identity to the Internet of Things. In this podcast, host Laura Shin, an independent journalist covering all things crypto, talks with industry pioneers about how crypto assets and blockchains will change the way we earn, spend and invest our money. Tune in to find out how Web 3.0, the decentralized web, will revolutionize our world. Disclosure: I'm a nocoiner.
