Everything on Blockchain Economics & Valuation

Layer-1 blockchains face a structural value capture deficit, where high network activity fails to translate into sustainable token revenue, prompting foundational downsizing and strategic refocusing.

Impact: Venture capital and product teams must pivot valuation models toward measurable utility metrics, prioritizing application-layer monetization over abstract scarcity narratives.

— from Crypto Market Shifts: Debt, Momentum, and AI Utility · Alles Coin Nichts Muss· May 30, 2026