Future of Blockchain Development: Focus on Application Chains

According to Odaily, on May 20, Tabi founder Xavier highlighted the shift in successful blockchain strategies. Historically, public chains thrived on innovative applications within their ecosystems, such as Ethereum's ICO and DeFi Summer. However, as the industry matures, this traditional approach is becoming less effective. Xavier emphasized HyperliquidX as a model of the 'fat application, thin protocol' concept, indicating a new direction for public chain development. Instead of numerous decentralized applications (DApps), future public chains should concentrate on the application chain model to enhance efficiency and practicality. Application chains may be crucial for the next generation of successful public chains. Xavier also acknowledged Cosmos for its contributions to the application chain sector. Concepts like account abstraction and inter-chain communication provide essential theoretical foundations for the future development of Layer 1 blockchains.