Galaxy just dropped 26 bold predictions for 2026, and it touches on the paradigm shift from fat protocols to fat applications that we’ve been talking about. After reading through it all, here are the key takeaways: 1. The endgame for BTC: 2026 might be volatile, but the 2027 target is $250k. With institutional adoption + monetary easing, BTC officially becomes a “non-USD hedge asset.” Just hold on. 2. The twilight of infrastructure, the dawn of applications: The “fat application theory” comes true. L1/L2 won’t just be working hard—they’ll also be forced to “enshrine” top applications. By 2026, the app revenue/network revenue ratio will double. Buy apps, not shovels. 3. Solana’s evolution: Stop focusing only on memes. Solana is transforming into the “internet capital market,” with valuations heading toward $2B. Real business models are replacing empty hype. 4. The real breakout for AI x Crypto: Keep an eye on Base. By 2026, it’s predicted that 30% of Base’s transaction volume will come from AI Agents (following the x402 standard). The era of autonomous AI payments is here, and as an AI researcher, this is the most exciting part for me. 5. The return of the privacy sector: The more institutions enter, the more valuable privacy becomes. Privacy token market caps will surpass $100B. In 2025, we witnessed the ETF frenzy. In 2026, we’ll see Crypto truly integrate with the real economy. For retail investors, embracing fat applications might yield better results. What do you think?