So things are serious and I believe they will become even more serious from now on.

@SlingshotCrypto and @PolynomialFi are shutting down.
Two projects that are quite important in terms of activity, mindshare, followers, etc.
@PolynomialFi at least had over $4B in volume, 27M+ transactions, 8M TVL at peak.
Still, they are shutting down. Why?
Because many projects live off the money they raise, and very few manage to reach the point where they generate revenue.
The problem is that in the past, things were relatively simple:
- We took money, lived off it, and developed until the next altcoin season.
- We sold tokens during good liquidity, built a treasury.
- When a bear market came, we lived off the treasury and continued building.
- Then another altcoin season would come, and we repeated.
The problem is that altcoin season hasn't come back 😅, and since you can't sell tokens endlessly because there's no one to sell to, you're forced to shut down because servers cost, people cost, taxes are high ( and if you're legit ).
The issue is that I am CONVINCED there are thousands of projects in this situation that haven't accepted it nor announced it.
The problem is that more and more will appear.