2026-01-08 14:22:06

The current crypto market has seemingly lost its former vitality — the spirit of innovation that once broke monopolies and pursued decentralization has gradually shrunk into a conservative and outdated form. Connections and利益关系 have become the only pass.

The reality is that this ecosystem is controlled by a few power centers, who dominate the direction of public opinion and capital flow. True innovators are met with indifference or even deliberate suppression, while projects that lack self-sustainability and rely solely on external blood transfusions are highly sought after. In this swamp filled with false prosperity and lacking ecological positive feedback, everyone is self-deceiving.

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RadioShackKnight

· 01-11 04:31

Basically, it's the same old trick with a new bottle—the centralized methods. Someone should have called this out a long time ago. It's really getting on my nerves. VCs have been playing this game for so many years, and they're still at it? Decentralization? Ha, that cracks me up. These people are just changing their masks to continue harvesting profits.

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WhaleMistaker

· 01-09 22:53

You're so right. Right now, it's just a big shot circle claiming territory while the little guys can only eat dust. They've monopolized everything and still have the nerve to talk about decentralization—laughable. Suppressed innovators are just routine; who asked you to have no background? Honestly, it's annoying to see a bunch of meme coins raising funds and bragging. Clear-eyed people can see right through it. Decentralization? Haha, it's more centralized than traditional finance now. This ecosystem has been rotten for a long time, all just scams to get newcomers to take the fall.

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GateUser-00be86fc

· 01-08 14:51

It's really hitting home—right now, it's a game of connections. I've long seen through it: whoever has the power of speech wins. The small teams truly trying to cause trouble have long been marginalized. Trash projects are actually more popular—it's ridiculous. How long are we going to keep playing this game?

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ApeWithNoChain

· 01-08 14:49

Isn't this the fate of Web3 development so far? Ideals have died, and all that's left are利益输送 --- Honestly, decentralization has long become just a slogan. Who still believes in it? --- It's been played out by big players and funds. Small projects with no connections really find it hard to make progress. --- No wonder everyone is trading in dead-end markets; there's no room for innovation anyway. --- Looking at the current fundraising list, you can tell it's all familiar faces and business. --- Rather than calling it a swamp, it's more like a big pie game. --- The moment VC holds the discourse power, it's doomed to be like this. --- The once-revolution has now become new oppression, quite ironic. --- Ecological feedback is negative; only centralized figures make money, while others are just along for the ride. --- It's okay, then don't come. This is no longer our crypto circle.

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AirdropHuntress

· 01-08 14:34

Data shows that the token concentration of leading projects has been steadily increasing over the past 18 months, indicating that capital players are indeed manipulating the market. After research and analysis, projects that rely on "external blood transfusions" for their tokenomics generally have issues, and it is recommended to be cautious of risks. Many projects have questionable backgrounds, while those that are truly self-sustaining are often overlooked—this logic is somewhat ironic. The cold chain has been broken, and the ecosystem is no longer providing feedback. If this continues, innovators won't survive for more than a few months. Don't be greedy; even in promising directions, be wary of the tactics used by capital pools.

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StillBuyingTheDip

· 01-08 14:26

I've seen it all along, now it's just insiders hyping themselves up, and the retail investors should wake up. But speaking of which, are the opportunities clearer after this wave of adjustments? The truly innovative projects have indeed been buried, what a pity. It's just a cycle repeating itself, get used to it. The issue of power concentration seems unavoidable everywhere. Watching these zero projects still raising funds round after round, I can't help but find it ridiculous. Monopoly with a different disguise, still a monopoly. That's why I still stick to DCA; there will always be a reversal. The ecosystem has run out of blood, so true.

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