🌲 Investing in Canopy Notes No.033
One of my favorite indicators isn't TVL.
It isn't transaction volume either.
It's simple.
What are people actually building?
Infrastructure only becomes meaningful when someone uses it to create something interesting.
That's why I paid attention to Block Rocket.
Not because of the leaderboard.
Not because someone nearly reached a 100x multiplier.
Not because another player managed an incredible 162-game winning streak.
Those are fun statistics.
But they aren't the real story.
The real story is that a community member had an idea...
Built it...
Shipped it...
And other people immediately started interacting with it.
That's how ecosystems grow.
Not through announcements.
Through products.
The internet wasn't defined by the servers that powered it.
It was defined by the applications people couldn't stop using.
Blockchain won't be any different.
Every successful infrastructure eventually reaches a point where the conversation shifts away from the technology itself.
People stop asking how it works.
They start asking what they can build with it.
That's the transition I find most interesting.
Canopy Network isn't valuable because sovereign chains are an interesting concept.
It's valuable if those chains enable builders to launch products that couldn't have existed otherwise.
In the end, users rarely remember the infrastructure.
They remember the experiences it made possible.
And that's probably the highest compliment any infrastructure can receive.
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