Why Applications, Not Blockchains, Win Crypto's Next Cycle

Crypto revenue has flipped. Applications now generate two thirds of it, execution layers just a third.⁣ ⁣ “I think we're gonna see 90 plus percent of revenue generated by the applications.”⁣ ⁣ That’s why Austin Barack says the most enduring tokens won’t be infra, they’ll be applications and money.⁣