The crypto world will be doomed if it doesn't welcome structural innovation soon

All narratives have been debunked, and new narratives have yet to emerge; on-chain activity is structurally declining, and on-chain behavior consists mainly of profit-seeking, short-term speculation, and arbitrage, with essentially no native demand

The user structure has drastically deteriorated, value investing is dead, pvp has also entered a death spiral, and we have entered nihilism

At this rate, it is meaningless, purely a casino, still a battlefield #美联储FOMC会议 $BTC