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Why Crypto Developer Activity Is Declining

Blame the VCs

If developer activity is really on the outs, crypto beyond bitcoin, stablecoins, and pump.fun is simply put extremely cooked. Unfortunately, the overwhelming consensus is that crypto is just that and developers are mostly to blame for failing to create meaningful apps, with the market as a whole also receiving a bit of shade for chasing harmful speculative pumps over and over again like a bunch of coked out monkeys. This confused me at the time, but I’ve since realized that if you view crypto as nothing more than ponzi vaporware, a path to an immediate payout is a de facto requirement if you are to invest.

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