🔗 EVERYONE USED TO BELIEVE SERIOUS CRYPTO PROJECTS NEED THEIR OWN BLOCKCHAIN. THE DATA SAYS OTHERWISE

Andre Cronje’s team at Sonic burned through $14 million in a single year just to keep an appchain running, and none of it went into the product.

Meanwhile:
- Pump.fun has no chain of its own, yet passed $1B in revenue on Solana
- Hyperliquid does have its own chain, and captures 44% of decentralized perp volume

So does “app over chain” mean you should never build a chain? Not quite. What matters is why you build one, and that’s the most interesting part.

👉 Read the full analysis: https://cryptothreads.io/insights/from-appchain-to-app-over-chain-a-shift-in-how-crypto-builds/

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