Looking back from my entry into the crypto world in 2017 to today

The history of the crypto space can be said to be the history of ETH.
Before ETH, there were two earlier waves:
1、BTC and its altcoins (the origin of the term altcoin)
2、The concepts of collateral, stablecoins, and DEX brought by BTS (the representative products are BTS internal trading and EtherDune)
After the evolved version of BTS—once Turing-complete ETH arrived—people finally could carry out full on-chain programming. From then on, basically all concepts in the crypto space revolve around ETH:
1、ICO
2、Various public chain concepts
3、DEFI
4、NFT
5、GameFi
6、MEME
7、RWA
……
All of the above are considered derivative concepts of ETH.
Crypto today is gradually losing momentum.
That’s because the ETH-related concepts have basically already been fully explored.
Either a new innovation on the level of ETH emerges,
or else you can only build on existing concepts and sort out what’s real from what’s false.
Just like back when the internet bubble burst, everyone focused more on normal business logic and products!
And once you enter this stage, opportunities for upstarts will become fewer and fewer, and the barriers for the established mainstream will become higher and higher.
Every industry is like this—there’s no one, and no time, when it isn’t like this……