Value Accrual in the Modular Stack: Unpacking Where Value Might Accrue in a Modular Blockchain Future
Intermediate
Web3 Experts
Mar 14, 2024
10 min read
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Guest Author: Gabe, author from Shoal Research
Author Introduction:
Gabe was formerly with the listings team at Coinbase, and is an author from Shoal Research, a firm specializing in DeFi and infrastructure research.
Introduction
Modular blockchains have been all the rave, but one often overlooked aspect of them is that they fragment value. In a world where we have one monolithic blockchain, all value accrues to this blockchain’s ecosystem — but that’s not the case with modular blockchains.