I am increasingly convinced of one thing.

The formula for future on-chain blockbuster applications is "Chain Abstraction + X."

Chain abstraction itself is not a product; it is merely a characteristic.

And X could be meme trading, perpetual contracts, or social interaction. These demands have long been validated; what is missing is just lowering the user friction coefficient to a minimum.

Whoever achieves this first can take away the users in this round.

FOMO is the most typical example. It did not create new demand; it simply made old demand feel as if it was not on-chain.

But if this judgment holds, the true long-term winner should not be applications like FOMO, but the two layers of infrastructure beneath all applications:

▌@RelayProtocol cross-chain settlement and routing layer

▌@privy_io wallet and account infrastructure for developers

The logic is the same as during the gold rush.

The application layer iterates extremely quickly; today's FOMO may be replaced by a better app tomorrow, but every application must go through the same two checkpoints: cross-chain needs to settle, accounts need to be custodial.

The winners at the application layer are a matter of probability, while the income of the shovel sellers is a certainty.

Moreover, it is absurd that from FOMO to Relay to Privy, all share the same group of investors behind them.

The common investors of Relay and FOMO: Archetype, Coinbase, and USV

The common investors of the three: Coinbase, Archetype

One can only say that the world is a huge Shandong.

FOMO transmission - https://fomo.family/r/iamyourchaos

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