Liquid Capital founder names four causes of crypto primary market winter
- —Narratives from whitepapers to TVL farming no longer attract market buyers
- —Thousands of projects compete, making it extremely hard for quality ones to stand out
- —The '1+3' unlock mechanism kills VC returns while letting projects, MMs and exchanges exit first
- —Listing on leading CEXs costs an average of around $10 million
Why it matters: If major exchanges change listing and unlock rules, it could revive venture funding and bring quality projects back to the market.
Source: ChainCatcher 链捕手