The 2021-2023 Crypto Bull-Run caused damage to the industry that'll take 10+ years to recover from. Crypto used to be about decentralization, community ethos, and universal payment layers. But then, it became a get rich quick scheme with some of the worst people on the planet forever shifting the industry. Scamming became the norm. If things didn't hit PMF overnight, they were dead. The hypergrowth in TVL for the industry made companies lifecycles weeks, which has caused significant damage in recent years. Every company wants 2021 level growth, but that simply isn't possible. The money is centralized and regulated. The users have moved on to a new scam. And all that's left is a few people picking up the pieces. It will recover, but it won't be easy. Here's what will win: Universal payment layers. Peer-to-peer financial markets. Onchain logistics for ownership proof. That's where the PMF is.