In this era where high TPS and low transaction fees have become standard, merely creating a brand new public chain can no longer impress users and builders. Today, developers in the crypto world are turning to a new survival rule: "First build a super application, then platformize it into a chain". This "App-First" wave is quietly rewriting the development logic of blockchain.
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ToggleA Chain Without Apps is Just a Deserted Highway
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These projects not only prove the feasibility of the App-First strategy but also subvert the previous default development path: "It's not necessarily required to have a chain before having a product."
The Microsoft and Apple of Web3 Will Be Born from Products
The rise of Microsoft and Apple was built on the explosive growth of applications after mature basic hardware. The same story will be replayed in the crypto world. Today's on-chain infrastructure is quite mature, with L2, DA layers, and ZK technologies readily available. The key in the future is no longer about creating a chain with better technology, but who can first deliver a "truly useful and fun killer product".
(Still Building? What Are the Weaknesses and Challenges Behind Crypto Infrastructure Bloat?)
The next-generation standard is no longer about just doing infrastructure or just doing applications, but a powerful combination of both: "First attract users with the App, then lock in the ecosystem with the chain."
Risk Warning
Cryptocurrency investment carries high risks, and prices may fluctuate dramatically. You may lose all your principal. Please carefully assess the risks.
US President Donald Trump revealed this morning at 6/6 during a White House interview that he had just finished a phone call with Xi Jinping, where they reached a consensus on rare earth issues and previewed upcoming high-level mutual visits between the US and China. Additionally, Trump expressed disappointment with Musk's public criticism of canceling electric vehicle subsidies and opposing the "One Big Beautiful Bill", and even suggested that Musk has "Trump Syndrome" after leaving the White House. Regarding the Ukraine-Russia war, Trump used the analogy of "two kids fighting", emphasizing that if both sides cannot resolve the conflict, tough sanctions will be implemented if necessary.
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ToggleKey Points
- Smooth Trump-Xi call, consensus on rare earth issues, Treasury Secretary Bessent to lead trade delegation to China.
- Musk blasts "One Big Beautiful Bill", Trump quips: He has "Trump Syndrome" after leaving office.
- Trump compares Ukraine-Russia conflict to "kids fighting", criticizes Biden's handling.
US-China Trade Returns to Normal After Trump-Xi Dialogue
Trump first stated that he had just finished a phone call with Xi Jinping, where they successfully reached a consensus on key issues such as rare earth.
He revealed that Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and Trade Representative Jamieson Greer will travel to China to continue negotiations and clarify agreement details.
Regarding Chinese students coming to the US, Trump said there's no problem and welcomed them, but also hoped that well-known US universities would provide lists of foreign students.
Musk Criticizes "One Big Beautiful Bill", Trump Says He Has Trump Syndrome
When asked about Musk's criticism of Trump's "One Big Beautiful Bill", Trump was quite disappointed. He emphasized that the bill brought the largest tax reduction plan in history, worth $1.6 trillion, with the Congressional Budget Office (CBO) estimating tariff revenues of $2.88 trillion over the next ten years.
Trump believed Musk opposed the bill because it eliminated electric vehicle subsidies, suggesting Musk lost a benefit he previously enjoyed. He also pointed out that Musk only started criticizing after leaving office and sarcastically remarked:
"Many people start to miss it after leaving the White House, then start to generate hate. This is some kind of Trump Syndrome."
Criticizes Biden for Allowing Ukraine-Russia War to Expand, Uses Kids Fighting Analogy
Trump believed the Ukraine-Russia war could have been avoided due to Biden's ineffectiveness. Trump reiterated that if he were president, the war would not have happened, and emphasized having a 2-hour-plus dialogue with Putin, using a kids fighting analogy for Ukraine-Russia:
"Sometimes it's better to let them fight a bit before pulling them apart."
Trump Supports Ukraine but Will Not Spend More Money, Focus is on Ceasefire
Regarding continued support for Ukraine, Trump responded:
"I support Ukraine, but the focus is on ceasefire, not continuously spending money. And this war is destroying culture."
He pointed out that the United States and Europe have invested about $500 billion in Ukraine and should think about how to end this war.
Risk Warning
Cryptocurrency investment carries high risks, and its price may fluctuate dramatically. You may lose all your principal. Please carefully assess the risks.
