Matt Hougan

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Bitwise CIO challenges Layer 1 commoditization view

Bitwise CIO Matt Hougan argues that the notion of Layer 1 blockspace becoming a commodity is premature, as institutional activity concentrates on top chains like Ethereum and Solana. He points to low fees resulting from excess bandwidth rather than true commoditization. Hougan also defends prediction markets as a tool that levels the information playing field in crypto.

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