Alana Levin pfp
Alana Levin
@alanadlevin
1/ We’re in the app phase of the app-infra cycle
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Alana Levin pfp
Alana Levin
@alanadlevin
2/ Each portion of the app-infra cycle has lasted 1-1.5 years H2 2022-2023: base level infra improvements (L2s maturing, Solana stability) 2023-2024: mid-level infra implementations (embedded wallets, better security, faster bridges) H2 2024-now: app emergence
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Alana Levin pfp
Alana Levin
@alanadlevin
3/ My guess is we entered an app phase sometime in the past 6-9 months Apps are products that interface directly with the end consumer Eg stablecoins are infrastructure for apps, but aren’t apps themselves. It’s analogous to how users can trade ETH or SOL, but ETH and SOL are assets (not apps)
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Alana Levin pfp
Alana Levin
@alanadlevin
4/ So, what are the apps? -Old DeFi. Projects from last cycle innovated throughout the bear market and are back bigger and better. Think: Aave, Kamino, Uni -New DeFi. Think: Hyperliquid, Morpho, and Jupiter, underpinned by infra improvements that didn’t exist 3 years ago -Information markets, specifically prediction markets (@polymarket) -Smoother + more engaging interfaces for utilizing / exchanging assets. Think: @moonshot, @azura, @tradewithphoton, @pvp_dot_trade and many others -Open social. Farcaster and Telegram have both found some success with mini apps and in-app, embedded economies. I think we’ll see this shine in the second half of the app phase -All the AI agent stuff
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Alana Levin pfp
Alana Levin
@alanadlevin
5/ We likely have 6-9 months left in the app phase Two things I’m looking at: 1) There will be new apps emerge in the second half. What are those? 2) Infra will start to break as apps gain adoption. Where is it breaking? That’s an opportunity
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Alana Levin pfp
Alana Levin
@alanadlevin
6/ On new apps My guesses for where we’ll see interesting new apps emerge include: - Open social. Still relatively underexplored / underutilized relative to the rest of crypto infra. The challenge is in onboarding, but all it takes is one killer app - Gaming. This has been a hated sector for years. The challenge has always been in building actually fun games. The right path is to lean into everything that’s new and unique to crypto. I think the @Farcade team may have cracked the code. - The @worldcoin ecosystem. 20M users is nothing to sneeze at - Hooks. We know Uni v4 is coming. There will probably be apps
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