Too Long; Didn't Read
One of the primary drivers behind Ethereum‘s 500x returns over the last few years has been the so-called “Fat Protocols” thesis, initially <a href="http://www.usv.com/blog/fat-protocols" target="_blank">put forth by Joel Monegro in his 2016 article</a>. In it, Monegro argued that while the previous internet stack resulted in most of the wealth being captured at the application level (Facebook, Amazon, etc), the blockchain stack will see most of the wealth captured on the protocol level (Ethereum, Bitcoin, etc).