Crypto Industry Set For Big Shakeups, Massive Consolidation Expected: CEO

Your mom is set for a big shakeup 

tldr; The crypto industry is expected to undergo significant consolidation as larger players acquire smaller projects, according to Bullish CEO Tom Farley. He predicts that inflated valuations and weak business models will lead to mergers, with some companies thriving and others disappearing. Venture capitalists are now favoring projects with steady revenue and clear business models, while Bitcoin’s volatility adds caution to the market. Consolidation may result in job cuts and project integrations, prioritizing revenue and stability over speculative growth.

*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

consolidation was always inevitable imo. too many L1s doing the same thing, fighting for the same users and liquidity. the ones without real traction or a specific niche are cooked. could be brutal but probably healthy for the space long term idk