https://twitter.com/aergo_io/status/1994269711530643873
Every cycle forces the same uncomfortable question: What does it actually mean for a blockchain to be valuable long-term?
A recent conversation sparked by QW’s tweet captured this tension perfectly, and it’s one the entire industry should be thinking about more seriously.
According to QW—and we strongly agree—the real challenge with L1 tokens isn’t about stretched valuations. The issue runs deeper: most L1s simply don’t have a moat. Users can bridge between chains with almost no friction. Developers can migrate their applications with relative ease, apart from a few highly optimized smart contracts. And today, launching a brand-new chain is cheaper and easier than ever.
In a world where switching costs are this low, L1s risk becoming commoditized infrastructure. That’s the opposite of what made platforms like AWS defensible. AWS wasn’t just compute—it became the backbone for thousands of services, tools, and workflows that were impossible to replicate overnight. That level of stickiness is still missing in most public chains. This is why many of the most successful ecosystems are no longer treating themselves as generic L1s.
The message is clear: The path to defensibility is verticalization. Chains must own or deeply integrate the applications that create real usage. Otherwise, they risk being swapped out the moment incentives or narratives shift.
This is exactly the strategic shift behind Aergo’s transition into the House Party Protocol (HPP). Aergo began as a hybrid enterprise-focused L1, and while the technology proved itself in production environments, the broader market evolved. Competing as a standalone L1—no matter how battle-tested—would mean competing in a space where differentiation evaporates quickly.
HPP repositions the entire ecosystem around something far more durable: an AI-native L2 with its own vertically integrated product stack.
Instead of selling blockspace alone, HPP attaches its value directly to the things that actually drive demand today: AI agents, AI-native billing and metering, off-chain inference through Noösphere, developer gateways, and enterprise-grade tools. The chain becomes the coordination and settlement layer that ties all of these pieces together.
In practical terms, the Aergo → HPP migration marks a shift from “another performant L1” to “an AI-native execution environment backed by its own real applications.” The result is a more defensible ecosystem, a clearer value capture path for the token, and a more realistic foundation for long-term growth.
Aergo’s legacy doesn’t disappear; it evolves into HPP, where the infrastructure and applications reinforce each other rather than exist in separate silos.
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