[Former Ethereum Developer: Many 'Metrics' in the Crypto Industry Are Meaningless and Misleading VCs to Keep Investing] BlockBeats News, May 27 — Former Ethereum developer Max Resnick published an article criticizing the crypto industry, stating that many on-chain 'metrics' are essentially a 'scam' designed to lure VCs into continuously investing more funds into the industry. He specifically called out Restaking-related data, claiming that 'the same ETH is being counted at least 10 times,' and questioned the serious issues in the metric definitions of many on-chain data platforms. 'Every time I closely examine how these websites calculate their metrics, I find that they are either calculated incorrectly or are completely meaningless, failing to accurately measure the data they claim to represent.' Max Resnick also pointed out that the data performance in the current crypto lending sector continues to deteriorate and stated that if the industry cannot face reality and honestly address its problems, 'things will only get worse.' He believes that 'the first step to solving a problem is to acknowledge that it is a problem.' Previously, on December 10, 2024, Ethereum ecosystem developer Max Resnick announced in an article that he had left his position at Consensys to join Solana R&D company Anza. [Original Link]