Alliance DAO founder: The value of dApp lies in the front end rather than the underlying smart contract

Odaily News Qiao Wang, founder and core contributor of Alliance DAO, wrote on the X platform, “A few years ago, I argued that, counterintuitively, the value of dApps lies in their front-ends (webapps, browser extensions, mobile applications, etc.), not the underlying smart contracts. Pump’s launch of AMM, which caused Raydium to fall by 30%, is an obvious example.”