POPA Recon📰Fat protocol thesis is dead source
📰Fat protocol thesis is dead source Fat Protocol investment logic is over. The new investment barbell strategy is to hold store-of-value assets on one side and PMFs and on-chain apps with real growth potential on the other. 1. It is accurate that the era of receiving a premium just because of L1 is over. 2. Blockspace is getting cheaper and L1/L2 competition is intensifying. 3. Apps that own real users, order flow, sales, and brands are starting to capture value. 4. From now on, we need to look at good service ≠ good token. The key is whether the token captures actual cash flow 5. Roughl…
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