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.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
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.