According to TechFlow, Ki Young Ju, founder of CryptoQuant, posted on the X platform that the crypto industry is in crisis. In the past, the crypto industry itself was like a game. The game abstracts the path of human happiness and provides a happy experience similar to that in real life by triggering the release of dopamine. The performance of altcoins in 2024 was dismal. Funds did not flow into the industry. If we do not create a new game to stimulate traders' dopamine, the crypto industry will face long-term stagnation. Ki Young Ju said: "Some people are even building completely different ecosystems, so much so that they are classified as belonging to industries other than crypto. Where are the builders who inspired us and explored new technologies? Why did they leave? I don't know. I want to ask Vitalik Buterin."
Ki Young Ju added: “To be clear, I am referring to Web3/Crypto, not Bitcoin.”