Why is there a phenomenon of mutual non-acquisition in this round?
After so many years in the industry, I have come into contact with all kinds of user groups. In fact, there are not many narratives that can make everyone reach a collective consensus. The best example is that Bitcoin has formed an absolute consensus on value storage after so many years.
The most recent collective consensus period is DeFi Summer, and the Ethereum super application narrative it brought, so in the first half of the last cycle, the consensus on the movement of withdrawing coins and keeping assets in your own wallet was also highly concentrated. Everyone was frying the same plate, and smart people were building, because only by making the cake bigger can you become the one who steps on the altar. In fact, many young Web3 institutions and whales also rose in this way.
Why did they not take over each other in this round? First of all, there is no narrative that can generate collective consensus. This thing is related to the cycle. In the past, everyone had no choice but cex. They were mentally collapsed by things like exchange plug-ins, data dumps, and wild chicken exchanges running away. So the atmosphere was so heated that a highly concentrated consensus on DeFi such as transaction chaining would be generated.
In this cycle, the honeymoon period of DeFi has passed, and many problems will definitely arise. Ethereum has also exposed some problems. Everyone is in the stage of finding problems, correcting problems, and exploring new paths, including trying to go to Solana, issuing new assets on BTC, and doing Layer2 on BTC. So at present, entrepreneurs have different positions, institutions and whales have different positions, and users have different positions.
So "no take over each other". What we can do is to find a suitable track for ourselves at this stage, not to dream of making all the money in the market, and then save enough money to welcome the next collective consensus super narrative
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