Blur founder: The on-chain ecosystem is much better than the bear market in 2019, and leading projects are often born in bear markets

According to Mars Finance, Pacman, the founder of Blur and Blast, posted on social media that the bear market in 2019 was actually depressing. There was no heat anyway, and crypto had no users at the time. Today we have DeFi, Perp DEXs, NFTs, stablecoins with income, and most importantly, there are still quite a lot of users on the chain, and they are very active (in terms of transaction volume and scale). Although it is difficult to predict whether the price of the currency will rise or fall in the next few days or weeks, this field will continue to exist. New category leaders emerge in every cycle, and these new leaders are almost always established in a bear market (Blur was also established in a bear market). This is not intuitive, but times like this are where the best opportunities are.