The "fat protocol" meme you're talking about has already come and gone. It was only a valid hypothesis when there's only a single dominant chain. Not anymore.

The "fat protocol" meme you're talking about has already come and gone. It was only a valid hypothesis when there's only a single dominant chain. Not anymore. It's becoming more apparent that there will be multiple chains, which means these chains compete for usage, so naturally "all the value aggregate to fat protocols" is not valid anymore. So you're right, the "fat protocol" should not be the norm. And it's really cool to see the landscape progress in this direction even though just last summer everyone took for granted that "fat protocol" will be the norm. p.s. There are so many "startup people" who are too lazy to delve deep into how the tech actually works, who just read some medium blog posts and watch some youtube videos and think they know everything. These people end up producing shallow content that's basically a parroting of what they read online. To people who actually have touched the code and building on these technologies, these things are so obviously outdated.