I used to think crypto infrastructure was mostly about performance.
Faster transactions.
More liquidity.
More capital efficiency.
That seemed like the obvious path to value.
But the more I watch the market, the more I think performance gets commoditized surprisingly fast.
What looks differentiated today often becomes the baseline tomorrow.
Actually, the important thing isn’t how efficiently capital moves.
It’s whether capital has a reason to stay productive once it arrives.
That’s why I’ve been looking at $BR differently lately.
Most people see restaking and yield.
I’m starting to wonder if the bigger story is creating more utility for capital that’s already inside the system.
Because over time, usefulness tends to be harder to replicate than performance.
BR
Alpha
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