SevenX Ventures Founding Partner: The trends in the crypto market change like a pendulum, involving users' pursuit of meaning and utility

ChainCatcher news, Li Rongbin, founding partner of SevenX Ventures, stated during the "User-Centric: Exploring New Opportunities for Web3 Applications" Space organized by RootData that over the past year, projects supported by venture capital (VC) have become increasingly unpopular, with many cryptocurrencies listed on centralized exchanges performing poorly, and the crypto market has returned to the on-chain era.

He pointed out that this is a constantly swinging process, involving not only centralization and decentralization but also the pursuit of meaning and utility. For example, Ethereum was once the leader in the single-chain era, but the market has now evolved into a multi-chain competitive landscape. Throughout this process, Ethereum has experienced multiple ups and downs.

Overall, the crypto market resembles a pendulum that is constantly swinging, with market trends changing dynamically.