Value Accrual in the Modular Stack: Unpacking Where Value Might Accrue in a Modular Blockchain Future

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.