The word “modularization” sounds very academic, but for someone like me—a terminal user—it boils down to two things: smoother experience, and more fragmentation.

Smoothness means that once cross-chain, settlement, and data are split apart, applications can shape the experience to feel like normal internet—fewer steps like “bridge first, then sign three times.”

Fragmentation is also very real: the same app might run on Chain A today and Chain B tomorrow, and assets end up everywhere like coffee dregs. And one slip from an LP and they’ve already cranked the bitterness (impermanent loss) all the way up…

The recent episode of extremely extreme fees also feels pretty similar: everyone arguing about whether to reverse or keep squeezing the bubble. In the end, whether the underlying architecture changes or not, the mood still tends to shake people out first.

My approach is pretty crude: keep positions smaller—if you can avoid cross-chain, don’t do it—survive first, then talk about narratives.