Sometimes I wonder if people not in crypto look at the valuations of all these protocols worth hundreds of millions of dollars (on paper) that no one has never heard of before and can't help but think crypto is one giant ponzi scheme

probably closer to one than any of us would like to admit tbh

Onchain is the new online - FID 206 -  cooprecords.xyz

Yeah, if you're going to be honest is hard to not think most of them aren't overvalued.

But that has always been the case with thechnology, much of it is overvalued because there's huge potential of some tech to be undervalued.

Welcome to the world of speculation, though crypto speculation levels are so high that probably it only competes with AI.