Feeling prediction markets (excluding Polymarket and Kalshi) — the whole industry feels like last year and the year before BTCFi
Expectations got too high, and then the early-coin projects: in BTCFi, it’s $Merlin and $SOLV ; in prediction markets, it’s $OPN
They moved fast, stole the only available liquidity fruits, and at the same time lowered the industry’s overall expectations
Leaving other projects that haven’t issued tokens yet stuck on the spot, awkward and unable to decide between advancing or holding back
Expectations got too high, and then the early-coin projects: in BTCFi, it’s $Merlin and $SOLV ; in prediction markets, it’s $OPN
They moved fast, stole the only available liquidity fruits, and at the same time lowered the industry’s overall expectations
Leaving other projects that haven’t issued tokens yet stuck on the spot, awkward and unable to decide between advancing or holding back