Imo this is also a healthy development because it will inevitably force builders to build quality products and put in an effort to build sustainable economics around them.
In the long-term, the competitive environment, the relentless battle for attention, users & liquidity, and the increasing standards demanded by investors (re protocol revenue + token value capture), will hence be net beneficial.
For large-scale adoption we need to raise the bar. Especially on the app layer. But with the infra stack maturing, I'm convinced we're nearing a crucial tipping point.

The "Speculation Only" Era in Crypto is Ending
The revenue meta and the increased attention investors pay to tokens' value accrual mechanisms, are evidence to the fact that crypto markets are maturing.
Up to this day, a lot of investments hinged on the fact that some

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According to ME News, on December 24th (UTC+8), Yi Lihua posted on the X platform stating that he believes the current period is the best buying opportunity for ETH and is optimistic about a bull market in 2026, setting a future target price of $10,000 for ETH. Reflecting on past experiences, Yi Lihua mentioned that he liquidated his BTC holdings when it was between $7,000 and $8,000 due to the unbearable bear market, avoiding the March 12th drop but missing out on the subsequent rise to $69,000. Regarding the current market, Yi Lihua stated that he completed his exit strategy before October 11th...

Yi Lihua: ETH's future target is $10,000, and the current price range is the best for buying.

An experimental art project in Brazil has been granted permission to raise $197,000 to host a concert that transforms real-time Bitcoin price data into symphonic music.

Brazilian orchestra transforms Bitcoin price fluctuations into live symphonic music.

XRP price is quietly falling into a rather uncomfortable zone. The price has dropped approximately 9% in the last 30 days, the upward momentum seems to have stalled, and the positive discussions about the Token on social media have also become less enthusiastic...