Last year's ICM and AI boom rode heavily on AI Code development tools—and frankly, this cycle doesn't look fundamentally different. Sure, the tools have gotten better. But here's the thing: developers keep capitalizing on hype regardless of actual improvements. The narrative shifts, the technology evolves, yet the pattern remains the same. Better tooling doesn't necessarily translate to better outcomes for the broader market. What really drives these seasons is momentum, and momentum eventually fades. The question isn't whether tools improve—it's whether the ecosystem can sustain value creation beyond the initial excitement.