X @Andy

Appchain Thesis & Market Dynamics - The appchain thesis is materializing, indicating a shift in the crypto landscape [1] - Top L2 teams are thriving by providing critical infrastructure for appchains [1] - Existing projects have a limited opportunity to demonstrate their advantages over new entrants [1] TradFi & Control - TradFi partners are becoming the new landlords, maintaining full control within the appchain ecosystem [1] - In the absence of a settlement layer, landlords can reverse transactions and exert unchecked control [1] Decentralization & User Impact - Decentralization is eroding beyond L1 settlement, raising concerns about the core cyberpunk ethos [1] - Everyday users are left with limited influence in the evolving appchain environment [1]