Wintermute CEO: The public chain rivalry is a false proposition; crypto is losing its way

Odaily Planet Daily News reports that Wintermute CEO Evgeny Gaevoy posted on the X platform stating that the争夺 among public chains like SOL and ETH is meaningless because there is currently nothing truly significant happening on any chain, and no one is winning. Stablecoins are essentially still centralized intermediaries; existing blockchains, especially perpetual contract exchanges, cannot scale to CME levels due to risk engine bottlenecks; cryptocurrencies like Bitcoin have lost their way in “price appreciation,” with institutions leading to replace idealism, only Vitalik remains true to his original intentions; additionally, token designs (buybacks, lock-ups, airdrops) have completely collapsed. However, he remains optimistic about the industry, believing that the market is shaking off the狂热 of “Trump pump,” will cleanse speculative tourists, and leave behind true believers.