I noticed an interesting trend in the analysis of crypto projects. It turns out that in the market, survival is not for those who tell beautiful stories, but for those who actually solve problems. This is not my observation, but a conclusion from recent research, and it definitely resonates with what I see in the ecosystem.

The point is that realism is becoming the main filter for survival. Projects like Hyperliquid demonstrate how this works in practice. They created a decentralized exchange that competes with traditional platforms not with loud promises, but with real functionality. People were dissatisfied with centralized exchanges, and here’s a solution that actually works.

The same goes for Canton Network. Instead of abstract talks about blockchain, they focused on what institutional finance needs: privacy and regulatory compliance. It may not sound revolutionary, but it’s what the market needs right now.

Even Kite AI, despite their current limited application, is working on payment systems for the AI economy. It may sound futuristic, but the approach here is practical, not speculative.

When I look at these examples, it becomes clear that realism in project evaluation is critically important. You need to look not at beautiful narratives, but at three things: whether they solve a real problem, how their implementation is structured, and whether the team can actually bring it to life. In the challenging market conditions we’re in, this is not just advice, it’s a matter of project survival. Those who focus on realism and practical feasibility have much better chances for long-term success.