The caliber of founders coming into our industry has never looked better.

Due to stablecoin interest, payment flows, and institutional approval we may finally see more talent come into the space instead of choosing something like AI.

Still very early to say but its starting to happen already. More competition for incumbents, but this new class doesn't care about chain tribalism or ideology.

They frankly don't care nearly as much about the core ethos of our space either. They want to raise, build product that people want and hit escape velocity with a *real* business.