Zhao argued that the crypto industry should focus on developing “more decentralized implementation instead of new chains”. This statement came after the data shared by Messar researcher @defi_monk.

These data show that new blockchain networks have a significant decrease after the Token Generation Events (TGE).

The CZ’s statement was upon the saturation of chains in the crypto world and the loss of value of these chains in many cases.

According to Messari’s data, Starknet’s token -cumulative return decreased by 87 %, and Dymension also experienced a 87 %decrease. Blast saw a decline of 85 %and mode 70 %.

Berachain and Scroll, one of the most important blockchain projects, decreased by 59 %and 50 %, respectively, while Hyperliquid was excluded from this trend and made a huge increase of 1,100 %after TGE.

These data show that blockchain projects need more value for the long -term success in the market.

Messari researcher, “Sunday, no value that does not lift the executive environments that no longer lift,” he said, Blockchain and Layer 2 solutions should not be limited to creating more chains.

Zhao’s statements were welcomed by many people in the sector. Users pointed out that there are too many chains in the market and that the best way to enlarge the sector is to develop more Dapps.

CZ’s statements also shed light on the important problems of the crypto ecosystem. In recent years, the creation of new chains in the crypto world has become a matter of frequently discussed by the token Generation Events of the projects and the influence of excessive supply.

Although new Blockchains often seem to be an attractive option for investors and users, most of these projects have suffered a major depreciation. This reduces users’ willingness to process these chains and prevents the growth of the crypto industry.

In addition, Dapps have a great potential in the crypto world. Unqualified applications can bring the advantages of Blockchain technology to a wider audience.

These applications usually integrate with defi (decentralized finance), NFT (Non-Fungible Token) and other Blockchain-based solutions, thus allowing users to use Blockchain more efficiently. Increased number of Dapps can help blockchain technology more accessible and sustainable.

According to CZ’s statements, in order for the crypto industry to grow in a healthy way, it should be focused on the development of Dapps that appeal to the real needs of users instead of creating new chains. This approach can enable the crypto world to move towards a more stable and sustainable future.