there's a divide between "usable crypto" and "narrative crypto" :

usable crypto = wallets, stablecoins, exchanges, launchpads –– which just works! (and generates revenue)

narrative crypto = btc, ai x crypto, desci, l2s, restaking –– which hardly works, but has a good story/vision (hardly generates revenue, but token goes up)

narrative crypto drives → speculation which drives → adoption for usable crypto

as a founder, you either build for narrative crypto or usable crypto.

midcurve it and you lose the game –– learnt this the hard way :)