Buy Crypto- Markets
Futures- Spot
- Copy Trade
- Earn
- More
Alliance DAO Genesis: It is hard to convince oneself to hold the L1 token long term, as there is no "Moat."
BlockBeats News, November 28th, Co-founder of Alliance DAO, QwQiao, posted on social media, saying, "The reason why I find it difficult to convince myself to hold L1 layer public chain tokens for the long term is not because of their high Price-to-Earnings (P/E) ratio, but because they lack a moat. Without a moat, they will be commoditized and unable to capture meaningful value."
"Nowadays, users can easily transfer assets across chains. Apart from a few complex smart contracts, most application developers can quickly migrate from one chain to another. Moreover, launching a new chain is easier than ever before. The switching cost of blockchain is far less than infrastructure like AWS."
"The only way I currently see for a chain to strengthen its moat is to verticalize and control the application layer. My observation is that chains like Solana, Base, and Hyperliquid have already reached this conclusion and are actively advancing. Of course, emerging enterprise chains like Tempo are also doing the same."
"Believing in the exponential growth of the crypto industry is almost unquestionable, but the best way to express this view is by betting on the application layer."
You may also like
Ray Dalio's new article: The world is entering a war cycle
IOSG: When Fintech Meets Crypto Native: The Next Decade of Digital Finance
They knew in advance that Trump would tweet about a ceasefire, entered with $20k, and exited with $400k.
The biggest bottleneck in DeFi development
CZ Memoir Released: Reveals a Large Amount of Industry Insider Information, Prompting Intense Rebuttal from Xu Mingxing
a16z: After securities are on the blockchain, why will intermediary institutions be replaced by code?
XRP Tokyo Is Here: What We Learn and What’s Next for XRP Price
Key Takeaways: Ripple’s 2025 XRP Tokyo event highlights a projected $33 trillion on-chain stablecoin volume by 2026. Significant…
Solana’s Future: Navigating the $285M Hack, Rug Pulls, and Milei Libra Scandal
Key Takeaways: Multiple Crises: Solana faces a $285 million hack, allegations of rug pulls, and the Milei Libra…
BTC USD Faces Tension: Markets React to Trump’s Dire Warning
Key Takeaways: Bitcoin’s price drops sharply below $70,000 amid geopolitical tensions, playing off Trump’s dramatic 8 PM ultimatum…
Bitcoin Price Surge: Ceasefire Sparks Optimism Hits $71K
Key Takeaways: After the US-Iran ceasefire announcement, Bitcoin surged beyond $71,000, marking its highest in a month. A…
Ethereum Price Forecast: Record $180 Billion Stablecoin Supply Marks Buyers’ Return
Key Takeaways: Ethereum’s stablecoin supply has surged to a record $180 billion, marking a 150% increase over the…
Emerging Evidence Links Argentina’s Milei to LIBRA Crypto Scandal
Key Takeaways: Evidence unveiled by Argentina’s federal prosecutors links President Javier Milei to the LIBRA token through call…
US Spot Bitcoin ETFs See Surge as BTC Nears $70K; LiquidChain and Layer-3 DeFi Rise
Key Takeaways: U.S. spot Bitcoin ETFs absorbed $471 million in a single day, moving BTC closer to the…
Bitcoin Price Prediction: Decoupling from Tech Stocks, Shaped by Geopolitics and AI Turmoil
Key Takeaways: Bitcoin is decoupling from tech stocks as geopolitical tensions and AI crises reshape the market, currently…
Chaos Labs Departure Leaves Aave Without Risk Management Amidst Governance Conflict
Key Takeaways: Aave, with a $50 billion TVL, is currently operating without a risk manager due to Chaos…
Grayscale Ethereum ETF Staking: A New Catalyst for $5,700?
Key Takeaways: Grayscale’s Ethereum Staking ETF introduces a yield-bearing structure that could significantly reshape investor sentiment. Ethereum’s price…
Polygon Crypto Enhances Finality Through the Giugliano Hardfork
Key Takeaways: Polygon’s Giugliano hardfork is operational on the mainnet, effectively reducing transaction finality by 2 seconds. The…
Senate’s Three-Week Deadline: Ripple XRP and the CLARITY Act’s Critical Moment
Key Takeaways: The Senate Banking Committee’s decision on the CLARITY Act in late April could define XRP’s future…
App