The tearing apart in exchanges is ultimately a good thing. Ever since the entire industry agreed not to tear each other apart, everyone has been secretly and repeatedly reinventing the wheel to list coins and 'cut'.
In the past three years, a large number of listed projects have pointed to teams such as 'former employees' and 'old friends'. Most projects are meaningless pure copies of other projects' content, and a large number of tokens have plummeted by 99% after being listed, showing no signs of rebound (99.99% of these projects are meaningless repetitions of reinventing the wheel and riding on concepts). No one in the whole industry has stepped up to take responsibility, and everyone just shifts the blame.
When promoting listed exchanges, certain 'former employees', investments from certain exchanges, and certain endorsements give people the impression of 'big-name' backing.
The rapid rise of Hype and Polymarket itself proves that whether a project is successful has nothing to do with whether tokens are listed on exchanges.
Looking back at the entire industry after the 1011 incident, it should have been a time for everyone to tear each other apart. Even basic market-making liquidity can experience 'order vacuum'. A financial market worth 50 trillion USD can suddenly have a 'liquidity vacuum', a phenomenon that has never occurred in financial history, showing that the industry is already severely ill.
The rise of DEX is not surprising; its transparent data chain is something every retail investor should be thankful for. It is precisely because of the rise of DEX that retail investors will benefit in the future market. During the entire underestimation period of the cryptocurrency industry, everyone should choose their investment direction well, and there are currently many protocols that have been tested over time.
From the rise of Hype and Polymarket, everyone should be prepared for the future. This is the best time to invest for the next decade. This window cycle in the cryptocurrency field has only occurred ten years ago at the birth of Ethereum, and we are currently just able to touch the super window period of ten years of infrastructure construction and large-scale application popularization. Many protocols will suddenly receive 2 billion USD in capital injection in the next decade like Polymarket.
