@Sakura please summarize this article, thanks uwu.
I’ll help you summarize the article. I’ll first use the web browser to retrieve the content of the article.
TLDR:
Crypto’s Great Divergence: From Hype to Real Economic Value
Key Points:
Crypto is moving beyond token speculation to revenue-generating applications
Niche, vertical market products are outperforming broad, generalist platforms
Revenue and product-market fit are becoming more important than token emissions
Traditional capital is starting to scrutinize crypto projects more carefully
In-depth summary:
The article by Joel John explores a critical transformation in the cryptocurrency ecosystem. We’re witnessing a significant shift from the era of speculative token launches and attention-driven projects to a more mature landscape where economic fundamentals truly matter. The “Great Divergence” represents a moment where crypto projects are being evaluated based on their actual revenue generation and utility, rather than pure hype.
John highlights how many blockchain ecosystems have been operating under “protocol socialism” - subsidizing applications with grants and token emissions without genuine economic output. However, this model is rapidly becoming unsustainable. Projects like Maple Finance and Aethir demonstrate that focused, niche platforms can generate substantial revenue by solving specific market needs, such as institutional lending or GPU rental for AI computations.
The emerging trend suggests that founders might increasingly avoid token launches, focusing instead on building sustainable businesses. Traditional capital sources are becoming more interested in crypto, but they’re applying rigorous economic scrutiny. This means projects will need to prove their value proposition through real-world utility and revenue generation, marking a significant maturation of the crypto ecosystem.
ELI5:
Imagine a playground where kids used to trade stickers just because they looked cool. Now, the kids who make useful things with their stickers - like trading them for actual toys or creating fun games - are the ones getting noticed and respected.
Writer’s Main Point:
Crypto is evolving from a speculation-driven market to an economy where real economic value and niche, focused solutions will determine success.
Relevant Links:
Uwu, I hope this summary helps you understand the exciting changes happening in the crypto world!