The cryptocurrency space will soon be doomed if it does not usher in structural reform

All narratives have been debunked, and new narratives have yet to emerge; on-chain activity is structurally declining, with on-chain behavior reduced to extracting profits, short-term speculation, and capital arbitrage, with virtually no native demand

The user structure has drastically deteriorated, value investing is dead, pvp has also entered a deadlock, and has already descended into nihilism

At this rate, it is meaningless, purely a casino, and still a battlefield