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I think crypto players and real blockchain builders are not the same group of people. It is normal for the attention to be diverted before the builders produce anything. The development of technology is like this. The history of AI development, VC Fomo after Alpha Go came out, and the four little dragons of AI in China could not survive. A large number of AI practitioners left, fresh graduates could not find jobs, and no one wanted to learn machine learning until the transformer architecture came out and AI exploded again. What is more pessimistic is that I found that many investment institutions in the currency circle only care about issuing coins and making money.
I think excellence is relative. It is true that AGI will change the world, but we cannot say that only those who are suitable for AGI are excellent. Hayden, who created AMM, was just a mediocre Siemens engineer, but AMM is definitely a creation that changed the world's financial history. Generally speaking, excellent people can indeed shine in various industries, but they shine brighter in some industries than in others.
The current situation is the result of a combined effort. At first, people believed that encryption would change the world and believe in the future. As a result, after repeated VC/project parties poured in and the narrative was falsified, everyone became smarter and it is not as direct as the casino. Many people who have achieved great results will not return to the encryption industry to feed back to the industry. If it ends up being a big casino, only suitable for payment and pvp, it is normal. Let the market decide, and there will naturally be a suitable positioning.
Human growth is never a straight line. Try different industries and slowly find the path that is closest to your heart. In the short term, it can be said to be speculation, but in the long term, it may be possible to connect the dots. In the end, who you are and what you want to accomplish is up to you to decide; only by looking at it over a longer period of time can you see clearly.