▼ Bearish
An analyst from ARK Invest has indicated that investors are becoming increasingly selective, making it challenging for crypto projects and exchanges that lack product-market fit to raise capital.
As a result, weaker projects are either struggling or shutting down, which is leading to a concentration of revenue among dominant protocols in the industry.
The analyst suggests that the crypto sector is entering its largest consolidation phase to date.
Reporting aggregated and summarized by CLOM — research & education, not financial advice.