The app vs general purpose chain debates are all just token arguments wrapped in tech arguments.Same problem Ethereum's rollup roadmap suffered.What everyone is trying to discuss is "which will be more valuable in the future."On this, the debate becomes "chains w/ app-like revenue vs chains without" and there really is no second best in that regard.Here are the top 120 30d fee-generating things in this industry, separated into chain and app categories.In a world where regulatory clarity is coming, and token ...

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]

Group 1 - Prediction markets and decentralized autonomous organizations (DAOs) share strong similarities, as both blend social behavior and financial capital [1][2] - DAOs are seen as a means to coordinate human and financial capital, while prediction markets can also coordinate capital and human intelligence [1] - The evolution of Syndicate's focus includes enabling communities to launch their own blockchains through appchains, moving beyond just DAO infrastructure [2] Group 2 - DAOs were prominent during the pandemic, with various high-profile projects, but their visibility has decreased compared to prediction markets [3] - Despite regulatory threats, Kalshi recently surpassed $1 billion in monthly trading volume, and Polymarket had 226,000 active traders generating $1 billion in trading volume [4] - Prediction markets allow users to bet on a wide range of future events, indicating that the next chapter for DeFi may be influenced by upcoming news rather than governance discussions [5]

Solana Ecosystem - Jito Labs CEO 表示 Solana 是应用程序盈利的最佳平台 [1] - Solana 被认为是真正的应用链，应用程序在 Solana 上赚取大量资金 [1] - 曾有一周时间，Solana 上的应用日收入超过 100 万美元 [1]

Industry Opinion - The industry expresses a negative sentiment towards the concept of appchains [1] - The industry struggles to identify any appchains that can be categorized as "successful" [1]