Ever notice how industry consolidation mirrors what we're seeing in crypto? Take the auto sector—thousands of manufacturers competing in the early days, yet only a handful of giants emerged as survivors. The market ruthlessly filters down to the winners.

Crypto's following the same playbook. Started with thousands of projects flooding the space, but we're witnessing real thinning of the herd. Layer-1 chains, DeFi protocols, NFT platforms—they're all converging toward the dominant players. Solana's become a prime example of this concentration game, proving that network effects and institutional adoption create moats too wide for most competitors to cross.

The question isn't whether consolidation happens. It's which ecosystem ends up in that final trio.