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![AmprFi Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1917637706248544259.png) Ampersand Labs [@AmprFi](/creator/twitter/AmprFi) on x XX followers
Created: 2025-07-18 15:12:10 UTC

Web3 tried to flip the script with the Fat Protocol Thesis.

The deeper the layer = the greater the value

Let's check the data 👇

Of the top XX Web X projects by market cap, XX are protocols.

 It seems like the thesis holds! 🤔

"…are these prices indicating the value captured or simple speculative momentum, once again believing that this time the technology is so advanced it's going to be different?"

but...


XX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1946226496554619235/c:line.svg)

**Related Topics**
[market cap](/topic/market-cap)
[stocks technology](/topic/stocks-technology)
[momentum](/topic/momentum)
[protocol](/topic/protocol)
[web3](/topic/web3)

[Post Link](https://x.com/AmprFi/status/1946226496554619235)

[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]

AmprFi Avatar Ampersand Labs @AmprFi on x XX followers Created: 2025-07-18 15:12:10 UTC

Web3 tried to flip the script with the Fat Protocol Thesis.

The deeper the layer = the greater the value

Let's check the data 👇

Of the top XX Web X projects by market cap, XX are protocols.

It seems like the thesis holds! 🤔

"…are these prices indicating the value captured or simple speculative momentum, once again believing that this time the technology is so advanced it's going to be different?"

but...

XX engagements

Engagements Line Chart

Related Topics market cap stocks technology momentum protocol web3

Post Link

post/tweet::1946226496554619235
/post/tweet::1946226496554619235