CZ says we need more dApps after new chains crash
CZ says that the cryptographic sphere “needs more DAPP” rather than new channels in response to an article emphasizing how new channels are fighting.
Former CEO of Binance Changpeng “Cz” Zhao underlined the need for manufacturers of the cryptographic industry to focus more on the development of decentralized applications or dappsrather than creating new blockchain networks.
“Need more Dapp instead of channels,” Cz wrote in a recent job.
CZ’s comment was made in response to a statistic shared by a researcher Messari @Defi_Monk who highlights the way the new blockchains are going down after their generation of respective tokens.
According to data De Messari, Starknet (StruckThe cumulative yield of the token of) dropped by 87% and Dyyme (Smoke) experienced the same decline. Meanwhile, blast (BLAST) decreased by 85%, the mode dropped by 70%. Even big names like Berachain (He) and scroll (SCR) The plants have experienced a strong declines of 59% and 50%.
The only exception on the list is hyperliquid (THRESHING), which has experienced a substantial increase of 1 100% since its TGE.
Researcher Messari added that the market recently experienced around $ 10 billion in long -term liquidations and, at the end of April, $ 17 billion in token unlocking entered the market. This indicates that the cryptography market has become saturated by the emergence of blockchains more and more layer1 and layer 2 solutions.
“The market can no longer absorb execution environments that add no value,” said the researcher.
Many users have quickly agreed with CZ, declaring that there were too many channels on the market and that there must be more decentralization in order to help the cryptographic industry develop.
As before reported By crypto.News, Berachain produced one of the largest air terminals this year in parallel with the exit of his highly anticipated Mainnet. However, the value of the token fell when the initiate began to empty the token, resulting in the downward price of at least 63% compared to its previous summit.
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