I think what’s disheartening about FTX (and 3AC, Celsius etc) is that we thought we saw rapid adoption of crypto the technology by users, but in fact adoption for the true ideals and product (a trustless and decentralized system) of crypto is much much slower.

Waterloo CS + Wharton MBA, tradfi vet enthusiastic about tech revolution in finance

True, this slow adoption is also evident in DeFi & NFTs if you consider that the number of wallets should be divided by at least 2 or 3 to account for multi accounts