Blur founder: The on-chain ecosystem is much better than the bear market in 2019, and leading projects are often born in bear markets
According to the news from Mars Finance, Pacman, the founder of Blur and Blast, posted on social media that the bear market in 2019 was actually depressing, with no enthusiasm, and the crypto industry had no users at the time. Nowadays, we have DeFi, Perp DEXs, Non-Fungible Tokens, and yield-bearing stablecoins. Most importantly, there are still a considerable number of very active users (in terms of trading volume and scale) on the chain. Although it is difficult to predict whether the cryptocurrency prices will rise or fall in the next few days or weeks, this field will continue to exist. New category leaders emerge in every cycle, and these new leaders are almost always established during the bear market (Blur was also established during the bear market). This may seem counterintuitive, but such eras present the best opportunities.
