Everyone thought 2025 would be the year

Altseason, Institutions flooding in, Narratives playing out

Instead of that, we got a mess

Scam coins pumping while real projects get ignored

VCs are exiting, not building

Retail can’t catch a break and buy the top, sell the bottom, rinse, repeat

Chains are more focused on fights than real adoption

And macro has just been noise. No direction

This isn’t a bull market

It’s a hype cycle on autopilot

If anything’s clear it’s that this space needs a reset

What needs to change?

- Stop chasing noise, start rewarding substance

- Make real revenue the new meta

- Transparency shouldn’t be optional anymore

- Builders need time and space to build not constant FOMO

2025 is not the top

It’s the stress test, pass it and the next real wave will be ours