Crypto Market May Be Nearing End Of Fat Protocol Theory

According to PANews, Arthur, the founder and Chief Investment Officer of DeFiance Capital, expressed on social media that the cryptocurrency market might be approaching the end phase of the 'Fat Protocol Theory.' This theory has reportedly caused long-term harm to investments in cryptocurrencies other than Bitcoin. Arthur highlighted that successful application projects are typically valued at five to fifteen times their revenue, whereas infrastructure projects, which have seen little growth over the past two years, are still valued at 150 to 1000 times their revenue. He believes that the speculative premium bubble in crypto infrastructure has officially burst.