@pyanzi

In the short term, the market might make mistakes — but in the long run, the market is always right. This industry evolves faster than the lifecycle of a single project. The most important thing here is to learn how to understand the market — and ideally, how to lead it. Back when VC coins were all the rage, the playbook was clear: high fundraising expectations attracted on-chain data, the data became a selling point for listings, and VCs could sit back and profit just by deploying capital. That environment gave birth to quest platforms like Galxe. But today — how many real users are still engaging with Galxe? Lately, many VCs have started surrendering to the market. Even top-tier protocols have seen their valuations slashed again and again. Truth is, most of these protocols are non-essential in this current market. The same capital keeps gathering the same players, launching the same ghost-town projects over and over — and finally, the market is tired.

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