London (@londoncrypto.bsky.social)

Santiago R Santos on X: "To every DeFi, DePIN and crypto application founder, hang in there. The market clearly favors L1s but most fees are captured at the application layer - and increasingly so L1s capture 90% of market share and only 12% of fees (down from 60%; blockspace is cheap) Apps capture https://t.co/rrfNLCpTSu" / X To every DeFi, DePIN and crypto application founder, hang in there. The market clearly favors L1s but most fees are captured at the application layer - and increasingly so L1s capture 90% of market share and only 12% of fees (down from 60%; blockspace is cheap) Apps capture https://t.co/rrfNLCpTSu https://x.com/santiagoroel/status/1996391931459584182?s=19