Current State of the Crypto Market Mid-2025
◦ Launch platforms outnumber developers
◦ Developers outnumber those with money + investing VCs
◦ Trading platforms and trading bots outnumber good assets
◦ Agencies outnumber KOLs
◦ KOLs outnumber retail investors
◦ Advertisements outnumber cognitive sharing
◦ CMOs outnumber product managers
◦ Public chains outnumber quality dApps
◦ Stablecoins outnumber 26 letters
◦ Earning from Binance Alpha surpasses on-chain projects
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