Do you remember how it felt back then? In the earl

Question

SerumSurfer · Accepted Answer

Really, that early enthusiasm is gone for good.

You’re so right, now it’s all just short-term trading.

Miss the feeling of dreaming together back then, now it’s all arbitrage guys.

Serves us right for not following the trend.

Rationality also needs to be interesting; pure rationality just becomes a tool for harvesting profits.

Newcomers keep repeating the same tricks, what are we repeating?

This wave has indeed become distorted, but maybe this is the only way forward.

Once, we were visionaries; now we’ve become spectators.

DefiPlaybook · Answer

According to the latest on-chain data, the TVL outflow rate during this wave of exit is approximately 63%. However, it is worth noting that the early participants didn't really leave; they just shifted from speculation to infrastructure building. Essentially, this is a beta coefficient adjustment in the ecosystem's maturity.

We need to distinguish between two types of participants: one is pure arbitrageurs, whose exit is quite normal; the other is true believers, who are now researching smart contract risk control and cross-chain bridging. While the data may not be very obvious, on-chain footprints will tell the story.

RiddleMaster · Answer

The early enthusiasm really can't be regained; now it's all about capital games.

Arbitrageurs have messed up the ecosystem, missing the purity of those days.

Rationality? It's just the leeks waking up after being harvested.

Nice words say it's adaptation, but in reality, it's being forced to bow.

Newcomers repeat the old path; we'll just watch the show.

This wave has distorted the ecosystem, and it feels like the entire narrative has collapsed.

FlashLoanLord · Answer

Honestly, it really doesn't have that vibe anymore.

Really, at the beginning, it was all about an idealistic atmosphere, now it's all about arbitrage traders.

Watching one familiar face after another exit, and new ones repeating the same stories, it's a bit speechless.

When the era leaves you behind, it does so silently.

But on the other hand, rationalization isn't entirely bad; it's just missing a bit of that crazy thrill.

ProofOfNothing · Answer

It feels like reincarnation, newcomers keep taking over, and veterans keep sighing.

Where are the true believers from the early days now?

Once arbitrage comes into play, the original intention is gone, it's just

Not adapting? Bro, this is the natural evolution of the market. Those who can't adapt can only exit.

What do you mean rational or irrational? It's just that there's no chance of getting rich quickly, so that's called rational.

You guys are nostalgic, while the new rookies are still immersed in their dreams.

The era hasn't abandoned anyone; money just slipped out of their pockets.

Do you remember how it felt back then? In the early stages of this market cycle, the ecosystem was highly active and the community atmosphere was truly different. Now, watching the people and projects around us exit one by one, the overall market temperament has changed.

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Do you remember how it felt back then? In the early stages of this market cycle, the ecosystem was highly active and the community atmosphere was truly different. Now, watching the people and projects around us exit one by one, the overall market temperament has changed.

Trending Topics

GateCEO2025YearEndOpenLetter

My2026FirstPost

CryptoMarketPrediction

BitcoinGoldBattle

ETFLeveragedTokenTradingCarnival

Hot Gate Fun

*BUY*

*BUY*

秋日森林

秋日森林

G

G

芝麻开门

芝麻开门

芝麻开门

芝麻开门

Pin

BUY

BUY