A market commentary argues that layer-1 blockchains are better positioned than application-layer projects to capture long-term value from an emerging AI-driven machine economy. The thesis says activity is consolidating on a limited number of chains, which could become the settlement infrastructure for billions of AI agents transacting continuously. The commentary contrasts the difficulty of selecting winning applications with a broader allocation to base-layer networks. It frames always-on blockchain settlement as more suitable for machine-speed transactions than traditional financial systems that do not operate continuously.