📊 BlockScholes x @Bybit_Learn : Revisiting the ‘Fat Protocol’ thesis
1/🧠 The ‘Fat Protocol’ thesis originated in 2016, referring to the idea that crypto protocols and base layer networks such as Ethereum and Solana would be valued higher than the application layer built on top of them.The thesis brought forward the notion that the crypto sector consisted of “fat” protocols and “thin” applications. That compared to the internet stack which was composed of “thin” protocols and “fat” applications, with value concentrated in the latter.

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This trader made a total of 48 predictions of market movements within 15 minutes, earning a net profit of $80,000 in one day.

Earning $80,000 a day, this top player treats Polymarket like an ATM.

Written by: Mahe, Foresight News
Solana, one of the most successful public blockchains, is also facing a winter.
Since the market crash on February 5th, Solana's token SOL once fell to $67, a new low since December 2023. As of now, SOL is currently priced at $80, a 24-hour drop of 3.57%. Looking at the monthly chart, SOL has been declining for five consecutive months since its October 2025 high, with a maximum drop exceeding 71%. The most well-known aspect of this ecosystem...

Meme wanes, narratives cool: Solana's cyclical boom ends as it falls below $80.

Original Author: He Hao, Wall Street Insights

On Thursday, US stocks plunged, with the Nasdaq falling over 2%. Some traders sold precious metals to offset losses in the stock market, causing gold, silver, copper, platinum, and palladium to decline sharply. The US dollar index rose slightly.

Amid renewed concerns about whether massive investments in artificial intelligence can truly be implemented on a large scale, US tech stocks declined. Metal prices suddenly fell due to suspected algorithmic trading selling, forcing some investors to exit commodity positions, including metals, to obtain liquidity, while some funds turned to US Treasury bonds for safety.

Spot gold fell as much as 4.1%, and silver plummeted 11...

Gold fell more than 4% at one point, and silver plummeted 11%, as a sharp drop in US stocks triggered a sell-off in algorithmically traded precious metals.

3/📉 We see a similar trend between the Ethereum network and some of its major applications. The Ethereum network still generates more revenues than lending protocol Aave, but since Aave’s launch, revenues have grown from $12K to over $250K, while revenues on Ethereum have drifted lower from a peak of $46M down to $400K.

🔗 🔍Do not miss out and read the full report here and explore the latest trends and insights: https://blockscholesresearch.substack.com/p/btc-sell-off-sparks-most-extreme…