This is a prime example of what @santiagoroel is talking about.
Increases in adoption without increases in asset value.
Stablecoin adoption is growing, month on month and the infrastructure that powers it is down across the last 4 years.
@crypto_banter
@Banter_Clips

The Most Uncomfortable Phase of Crypto Has Begun
When adoption rises but prices don’t
https://open.substack.com/pub/obviously/p/the-most-uncomfortable-phase-of-crypto…

Santiago R Santos

Twitter

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The charts speak for themselves, and market sentiment has shifted accordingly. As 2025 draws to a close, we must face reality: Bitcoin has officially entered a bear market.

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