CZ says we need more dApps after new chains crash

CZ says that the Crypto -Bol needs more Dapps instead of new chains in response to a message that emphasizes how new chains are struggling.

Former Binance CEO Changpeng “CZ” Zhao emphasized the need for crypto -industrial builders to concentrate more on developing decentralized applications or Dapps, instead of creating new blockchain networks.

“More Dapps needed instead of chains,” CZ wrote in a recent message.

CZ’s remark was made in response to a statistics shared by a Messari researcher @Defi_Monk who brings attention to how new block chains experience a decline after their respective tok tummering events.

According to data from Messari, the token -cumulative return from Starknet (STRK) has fallen by 87% and Dimension (DYM) has experienced the same decline. In the meantime, Blast (blast) has fallen by 85%, the mode fell by 70%. Even big names such as Berachain (Bera) and Scroll (SCR) MAINNETS have seen steep falls by 59% and 50%.

The only exception to the list is Hyperliquid (Hype), who has experienced a significant increase of 1,100% since his TGE.

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The Messari researcher added that the market recently saw around $ 10 billion in liquidations with a long position, and by the end of April $ 17 billion in token -disclosures were on the market. This indicates that the cryptomarkt has become saturated by the rise of more and more Layer1 -Blockchains and Layer 2 solutions.

“The market can no longer absorb implementation environments that do not add value,” the researcher said.

Many users quickly agreed with CZ and stated that there are too many chains on the market and that there must be more decentralization to help the crypto industry grow.

As previously reported by Crypto.news, Berachain performed one of the largest airdrops this year in addition to the release of his long -awaited maininet. However, the value of the token plummeted while Insider started dumping the token and dragging the price by at least 63% from his previous high.

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