Wintermute CEO criticizes the crypto industry for stagnation: The battle for public chains is meaningless, and price increases have replaced the original mission.. Calls for a return to the cypherpunk spirit
Wintermute CEO Evgeny Gaevoy criticizes the current development of the cryptocurrency industry, pointing out that public chain competition lacks substantive meaning, stablecoins have not changed the financial structure, and perpetual contracts are difficult to scale. He believes that price has overshadowed ideology, the spirit of crypto has been corrupted, and token economics have failed, calling for a return to the original intention. Despite the criticism, Gaevoy remains optimistic about the future, believing that the market cooling down will help retain true believers.