Wintermute CEO: The battle over public chains is meaningless, and the cryptocurrency industry is undergoing a transformation

Wintermute CEO Evgeny Gaevoy stated in an article on X platform that the competition between SOL and public chains such as ETH is meaningless, and there have been no truly important events on the chain. Stablecoins are still centralized intermediaries, and blockchain, especially perpetual contract exchanges, cannot be expanded to CME level due to risk engine bottlenecks; Cryptocurrency assets such as Bitcoin are lost in the "rise in coin prices", with institutional leadership replacing idealism, and only Vitalik sticking to its original intention; The token design has collapsed. He believes that the market is getting rid of the "Trump pull" frenzy, speculators will be purged, and true believers will stay.