The underlying of the currency circle is asset issuance, which is essentially a variety of gambling.

Casino explosion after ETH

$ETH is the most successful asset issuance. Although it is slow, from ICO to NFT, and then to ERC20 ecology, gambling methods have emerged one after another, but after a few years, they finally became weak.

When the ETH model was successful, from $EOS $DOT to $SOL, and then to $ARB $OP, hundreds of public chains were listed, which actually provided hundreds of new casinos.

These new casinos have no innovation in gameplay. What the new casinos claim to be the fastest can actually be done in the old casinos - especially now that GAS is only 1, it can even be done more safely.

The number of gamblers in the entire region has not increased, and the total funds used to buy chips in the casino have only increased slightly compared to the peak of the bull market in 2021, from 136 billion to 150 billion.