Blur Founder: On-Chain Ecosystem is Much Better Than the 2019 Bear Market, Leading Projects Often Emerge During Bear Markets
Mars Finance reports that Pacman, the founder of Blur and Blast, posted on social media saying that the 2019 bear market was actually discouraging, lacking any hype, and crypto didn't have users back then. Today, we have DeFi, Perp DEXs, NFTs, yield-generating stablecoins, and most importantly, there's still a considerable number of active users on-chain (in terms of both transaction volume and size). While it's hard to predict whether the price will rise or fall in the coming days or weeks, this field will continue to exist. Every cycle brings new category leaders, and these new leaders are almost always built during bear markets (Blur was also built during a bear market). It's counterintuitive, but times like these are the best opportunities.