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Great analysis. I've been following the blockchain space for some time now (mainly from a point of view focused on the technologies and what new use-cases it enables), and while there are a lot of bells and whistles especially from new projects and those not so familiar with the technology, it's great to see sustained developer interest and even growth this year since the bull run. Reminds me of the early internet days when a few people saw and firmly believed the technology could vastly transform the world and how we live our lives.

At the end of the day, blockchain is a new and fascinating technology enabling digitization of things requiring trust, and being able to do that anonymously and at scale is in my opinion a breakthrough that will have a lot of disruption in the next few years.

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