Bitwise executive: "Fat apps" may become the mainstream narrative in a few months
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最新报道：According to a new perspective, a new theory is gaining popularity: the idea that most of today's cryptocurrency value isn't captured in the blockchain itself, but rather in the application layer. This trend, increasingly evident with the rise of Hyperliquid, could shift investor behavior in the coming months. "Everyone is talking about the 'fat app' theory right now. I suspect this will become a dominant topic in the coming months," Bitwise CIO Matt Hougan wrote in a post on the X platform on Wednesday. The "fat app" theory posits that future crypto applications will absorb more value than the underlying blockchain protocols. "I suspect this view will appear in mainstream media within 1-3 months," Hougan explained. "So, I think it's a worthwhile mental model to keep in mind as we better understand the crypto industry."
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