Yishi
Yishi|Apr 24, 2026 14:00
In fact, the entire market has hardly seen any truly exciting financial innovations in the past few years after DeFi Summer. Even if there are, they are only a rarity. And the market has been rewarding projects that dump junk tokens on retail investors. After the project team distributed the coins, they hid overseas and used the money earned from harvesting users and selling junk tokens to purchase luxury homes and cars, living a luxurious life. To put it simply, these people are here to hollow out this industry. The issuer of stablecoins is also a typical example. They earn billions of dollars from this industry every year, but then they turn around and say the entire industry is garbage. Looking at it from a different perspective, the most profitable and profitable individuals in the industry, including some exchanges, have not truly guided the industry towards goodness. It's hard to understand why Circle didn't help with Aave's incident this time, but instead came out with a strange and sinister attitude. I think this is also why many people are disappointed with encryption, and it is not surprising that a large number of talents have flowed into the AI industry. Since they can make money openly, why do they have to feed each other with a group of scammers. The entire industry is becoming self casino oriented, even in northern Myanmar. Do you expect people outside of your circle to look up to you even though you look down on yourself. Whether it's self theft or North Korean hackers, they have already drained too much liquidity from the entire system. Every time an agreement is violated, for individual investors involved, the potential loss could be their life savings, and I myself have been violated countless times. It takes them far more than one or two years to recover their vitality, it could be five or even six years. When these junk projects can no longer make money in the market, and when top exchanges no longer list those obvious junk coins for KPI, the market will truly see the end.
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