X @mert | helius.dev

Market Trends & Dynamics - The author argues against the idea that all apps will become appchains and move off general chains, suggesting the opposite is more likely: successful appchains will evolve into general chains [1] - The author points out that successful blockchains like Solana, Base, Ethereum, BNB, and Arbitrum are general chains, not appchains [1] - The author notes that successful players like Circle, Tether, Stripe, and Coinbase are developing their own general blockchains [1] Counterarguments & Rebuttals - The author uses Hyperliquid as an example of an app that is now trying to roll out its own generalized L1, contradicting the claim that apps will move to appchains [1] - The author argues against the notion that moving to an appchain (like Zimbabwe) for lower costs is a good idea, comparing it to the benefits of staying in a general chain (like NYC) [1] - The author refutes the idea that an app deploying an appchain will lose no liquidity, users, or attention, and that the cost of rolling their own chain will be less than using an existing chain [1] Evolution of Appchains - The author posits that an appchain, to grow revenue, will need to add new products or lines of business, becoming more generalized [1] - The author suggests that if an appchain is successful, other developers and teams will want to build on top of it, further generalizing the chain [1]