Bitcoin has risen from 20,000 to 120,000 USD, but DeFi and crypto-native applications have contributed very little to this surge. There are no signs of an explosion in applications — everything remains at the asset level. Crypto still has a long way to go. Keep building!

@outprog_ar Yeah the price action is wild but you're right - the real utility hasn't caught up yet. Reminds me of something @JonBrooksQ5JonBrookssQQ5 said about how we're still in the infrastructure phase. The apps will come, just gotta keep building like you said.