📊 Key Insights from Delphi Digital’s “Fat App Thesis” Report 🔍

The app layer is eating the stack. Here's why that matters 👇

🔑 Top Takeaways:

1. Apps, not chains, are now capturing the most value.

2. Platforms with built-in users are outperforming base layers.

3. Modular infra (like @celestia & @eigen_da) supports leaner, faster fat apps.

4. UX-first protocols (think @pumpdotfun) are winning mindshare.

5. Attention liquidity > TVL — engagement is the new metric.

📈 Bullish Protocols:

@HyperliquidX | @unichain | @pumpdotfun | @eigen_da | @celestia | @flashbots_x | @angstromxyz

🖼️ Visual Report Summary

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