Blur founder: The on-chain ecosystem is much better compared to the bear market in 2019, and leading projects often emerge during bear markets
ChainCatcher news, Blur and Blast founder Pacman posted on social media that the bear market of 2019 was actually frustrating, with no heat at all, and there were no users in crypto at that time. Today we have DeFi, Perp DEXs, NFTs, yield-bearing stablecoins, and most importantly, there are still quite a number of users on-chain who are very active (in terms of trading volume and scale). While it's hard to predict whether the coin price will go up or down in the coming days or weeks, this space will continue to exist. Every cycle brings new category leaders, and these new leaders are almost always built during bear markets (Blur was also built during a bear market). This is not intuitive, but times like these are the best opportunities.