this might be the most important chart in crypto right now.

developer activity is down. 

it is one of the clearest signals of long-term health that has meaningfully declined from its peak.

attention has shifted.
speculation takes over utility.

we all feel it.
capital still chases short-term dopamine loops…

because here’s the hard truth:

if nothing meaningful happens onchain,
distribution loses its power.

what we need next isn’t just more developers, but 
we need more support for developers.

more teams thinking end-to-end product, not just code

more usable primitives, not just new mechanisms

more people helping projects reach actual users

i’m bullish on the rise of opinionated ecosystems (like @warpcast and @base) : builders, incubators, communities who actually help apps go from 0 to 1.

they know adoption isn’t inevitable, but 
it has to be earned.
the hard way.
the gritty way.
the door-to-door way.

those who help bring that to life?
they’ll shape everything that comes next.

DeFi maxi. Building @basketdotfarm on @base.

this is why i wrote about basecamp https://chones.xyz/2024/08/10/summer-camp/