Vertical integration with mutual alignment is the only way.
Last cycle proved chains can still raise 9 figs with ease, but the 2017 tokenomics playbook is finished.
The chains actively diagnosing the core L1 value prop failure are the ones that win.
No one cares about TTF, TPS, database, consensus, low gas, and high throughput etc.
All of these have been commoditised (using centralised tricks) and no cares about “decentralisation” or ideology.
Bandaids like using stablecoins as gas don’t fix it. Neither do recycled attempts at chasing the latest shiny trend, whether enshrined privacy or compliance rails.
Until onboarding feels as frictionless as Venmo or Zelle, nothing else matters.