Recently observed a quite obvious signal: the focus of the entire encryption circle is quietly shifting.

In the past, everyone focused on infrastructure - whose L2 is fast, whose cross-chain is strong, and how modularization can be split. But now the trend has changed. After the launch of Ethereum EIP-4844, the cost of block space has been directly reduced, and various L2 solutions have also brought transaction fees down to rock bottom. The result is that block space has transformed from a scarce resource into a wholesale commodity.

This brings about a chain reaction: the narrative around infrastructure starts to cool down, while applications that can actually generate profits become more prominent. Just look at the composition of on-chain income, and you will see that the proportion from the application side has climbed to a quite considerable level. In other words, the market is no longer paying for "running faster," but is beginning to ask "can it really be used by someone and generate income?"

For Asian developers, this could be a turning point. Previously, building infrastructure required top teams and huge amounts of funding, but now the barriers to creating applications have lowered—block space is cheap, the toolchain is mature, and users are no longer solely focused on technical specifications. Whoever can create products that meet real demands, have real users, and generate real revenue may break through in this cycle.

The window of opportunity has opened, it's just a matter of who can seize it.