Bitget CEO Gracy: Crypto-native projects must return to user needs to survive @bitgetglobal CEO @GracyBitget shared in an exclusive interview with PANews that the current industry is showing a clear 'polarization': On one side, there’s the rapid growth of RWA and stablecoin sectors driven by traditional institutions; On the other side, many crypto-native projects, including some L2s, DApps, and GameFi, are struggling to survive. She candidly pointed out that many projects have fallen into the 'false demand trap.' 'GameFi is a typical example. If the game itself isn’t playable and only relies on subsidies and mining models, it’s destined to be unsustainable.' Gracy emphasized that any project aiming to survive cycles must return to user value. 'There may be a lot of short-term hype, but without fundamentals and an excellent user experience, projects will ultimately be eliminated. Investors also need to be cautious about getting caught up in "Pump and Dump" narratives.' She concluded: 'For users, focus on fundamentals; for projects, meet real needs.'