Blur founder: On-chain ecology is much better than the bear market in 2019, and leading projects are often born in bear markets
On September 7th, Blur and Blast founder Pacman posted on social media that the bear market in 2019 was actually frustrating. No matter what, there was no heat. Crypto had no users at that time. Today we have DeFi, Perp DEXs, NFTs, profitable stablecoins, and most importantly, there are still quite a few users on the chain who are very active (in terms of transaction volume and scale). While it is difficult to predict whether the price of the coin will rise or fall in the coming days or weeks, this field will continue to exist. Every cycle brings new category leaders, and these new leaders are almost always established in a bear market (Blur is also established in a bear market). This is not intuitive, but times like this are where the best opportunities lie.