Everything on Blockchain

Block space is the critical constraint for blockchain utility, analogous to bandwidth in the early internet. As block space increases, the platform will support more complex applications, including consumer networks and on-chain financial instruments.

Impact: Investors and developers should track block space expansion as a leading indicator for the viability of new blockchain-based business models.

— from AI, Crypto, and the Next Tech Platforms · a16z Podcast· Feb 07, 2026