this cycle didn’t die, it cannibalized itself. Liquidity fled utility into memes because memes promised instant reflexivity, not adoption.
that sucked oxygen out of everything else, leaving 99% of tokens as dead weight.
in 2026, capital rotates back to survivability: real users, real cashflows, fewer narratives, and far fewer coins that actually matter.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
this cycle didn’t die, it cannibalized itself. Liquidity fled utility into memes because memes promised instant reflexivity, not adoption.
that sucked oxygen out of everything else, leaving 99% of tokens as dead weight.
in 2026, capital rotates back to survivability: real users, real cashflows, fewer narratives, and far fewer coins that actually matter.