cosmos hub generates $495 monthly revenue supporting $1.4b market cap. stride kujira evmos picasso quasar comdex all shutting down same week. app-chains can't afford their own validators. each chain needs $100k+ monthly for security but generates $5k in fees. they print tokens to pay validators creating permanent sell pressure. akash their only profitable project planning migration to solana. atom at $2.86 correctly priced for a chain burning cash to exist. ...

Market Trends - Generalist crypto blockchains are likely to be replaced by app-chains with targeted product-market fit (PMF) and distribution from existing channels [1] - This shift could be the most painful trade for existing native crypto users [1]