DeFinance Capital founder: Crypto market may have entered the final stage of 'fat protocol theory'

Arthur, founder and chief investment officer of DeFinance Capital, stated on social media that the cryptocurrency market may have entered the final stage of the "fat protocol theory," which has caused long-term damage to the investment potential of cryptocurrency assets outside of Bitcoin. He pointed out that successful application projects are typically valued at 5 to 15 times revenue, while infrastructure projects that have hardly grown in the past two years are still valued at 150 to 1000 times revenue. He believes that the speculative premium foam of encryption infrastructure has officially burst.