Crypto on-ramps and bridges are dead, says Fun CEO Alex Fine.

Users don’t care about converting fiat; they care about applications. Fun, processing $3B+ monthly for Polymarket and Aave, is building the “invisible” infrastructure: embedded deposits and withdrawals.

Our take: This is how crypto breaks out. Moving funds between fiat, stablecoins, and chains is a massive barrier. If Fine is right, the next wave won't even know they're using crypto.

This changes nothing for the current market. But it’s the mainstream bet.

$BTC