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defi summer was the embryonic stage; innovation flourished: ideas were abundant, infrastructure lagged behind & regulation did not exist
now infrastructure has improved & crypto has entered the scaling stage
ideas are no longer abundant; emergence has slowed: most of the competition today is recycled & retried ideas, simply now at-scale
this has led to a decline in innovation (ie. low differentiation) but an increase in competition alongside better regulation, which has ushered in an era of fragmentation
this is what we are currently seeing
as the market is captured, maturity is realized, fees are reduced & regulation stabilizes; we will enter an era of consolidation
this is on the horizon
once growth largely becomes m&a driven, there is little room for new ideas & ai will predominantly drive emerging solutions
this means, today, at the token level, if you want to future-proof your project, you must front run consolidation
this is best accomplished with a locked flywheel at the network level 3 replies
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