According to @MikeSilagadze, DATs for DeFi protocol tokens make more sense than most L1s, highlighting DATs as a sensible model for protocols with real fundamentals to go public in traditional capital markets (source: @MikeSilagadze on X, Aug 16, 2025). For traders, his stance points to a fundamentals-first screening approach for DeFi tokens that may pursue DAT-style public wrappers, as opposed to launching new L1s for capital access and liquidity (source: @MikeSilagadze on X, Aug 16, 2025).