WHY CRYPTO DEVELOPER ACTIVITY IS DECLINING

Summary from the TLDR Crypto newsletter

Crypto developer activity is slowing down outside core areas like Bitcoin and stablecoins. Venture capital funding, especially in early stage rounds, have collapsed since its 2021-22 peak after heavy losses on speculative DeFi, NFT, and Metaverse bets, prompting most firms to treat crypto deals with skepticism. Despite this, VCs should continue backing crypto ventures, since long-term, slow-burn successes like Polymarket demonstrate the value of sustained capital support.