According to ChainCatcher, CryptoQuant founder Ki Young Ju posted on the X platform that the crypto industry is in crisis. In the past, the crypto industry itself was like a game. Games abstract the path of human happiness and provide a happy experience similar to real life by triggering dopamine release. 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 are even building completely different ecosystems, so much so that they are classified as belonging to industries other than crypto. Where are all those builders who inspire us and explore 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.”
