The thesis hasn't changed.

Perps. Tokenization. Stablecoins.
Transformative technologies in a decade long mega trends of adoption and were at the absolute forefront of it all because we stuck through this bear market.
Somehow, that makes us still early again.
Meanwhile, the first wave of crypto-native businesses are starting to catch traction and deliver meaningful value to tokenholders at scale, with regulatory clarity on the horizon.
We are setup for massive success here. Hold the line.