All crypto “metrics” are a scam designed to fool VCs into punting more money. Restaking??? Are we joking!?? The same 1 ETH is counted 10 times in this chart at least. Every single time I look at the way a metric is defined on one of these sites in detail I find out it was calculated wrong or in a meaningless way that doesn’t actually measure the thing it was supposed to measure but we are just supposed to blindly trust a chart like this?
Look at the lending portion of this chart only 📉📉📉📉📉📉
Until this industry starts to honestly look in the mirror about the state of things it will only get worse from here. The first step to fixing a problem is identifying that it is a problem.
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