The bubble market example: Story Protocol (IP) — an AI-focused L1 — is currently generating just $2 in daily revenue, while the token’s FDV is $1.1B.


And how many similar projects are there in crypto?
That’s exactly why we’re seeing a market cleanse. The market is no longer willing to pay for ideas without real economics. Projects or their products are shutting down due to losses, valuations are being reassessed, and in the end, only the most adaptive will survive.
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