The market is indeed overwhelmed by thousands of altcoins, with severe homogenization, and many projects lack even basic innovation. I particularly miss 2017—when the ICO boom was rising, every coin had ambitions to disrupt the industry, like when the Ethereum ecosystem first showed its potential, EOS shouted 'Blockchain 3.0' and created a sensation across the network, Cardano built an academic moat with its papers, and Tron broke through with marketing from Justin Sun, even the community meme culture of Dogecoin felt pure. That year, Bitcoin surged to twenty thousand dollars, and the entire space was buzzing as if creating a new world. Founders like Vitalik Buterin and BM were passionately debating on Twitter, but now all that’s left are endless meme coins and assembly-line blockchain games on exchanges. The madness of 2017 at least contained possibilities, while now even the bubbles are too lazy to spin a serious story.