Coop

Feel like crypto has hit a bit of a stalemate right now. 

Everyone understands the name of the game is bringing new people onchain but yet 99% of all volume is still driven by the same cohort of ~25,000 crypto-native users.

I'm not seeing real interest or demand from people to "get into crypto" and the most successful apps (like Polymarket) don't really have any downstream effects which makes those users want to check out other crypto apps or go deeper down the rabbit hole.

More and more my friends simply net out at "buy more Bitcoin" and frankly I don't think that's a bad take given how safe a bet it is relative to the slaughterhouse that's the memecoin trenches these days.

Am I alone in this thought or do other people feel this too?

There is also an extreme view that most retail left after 2021 crushed and no one new came back and everyone now is slowly losing to meme casino to eventually leave. I hope that’s not the case