I agree. I think that crypto in general has made a lot of hopeful people, but when you look at adoption, scalability and other metrics it just hasn't met expectations. I think crypto is a big deal and blockchain in general is seriously important. But I think buyers of crypto are smarter and wiser now and they'll demand dev incentives to be long-term in design and not lump sum, and for projects to prove themselves.
Crypto is not over, but I believe much of the hopium is over. New money is not interested in giving it over to bag holders that want out after a bear market unless projects can show that there is real value there.
This makes tons of sense to me 😎