Warning: Is the Crypto Industry "Self-Destructing"? Audit Demand Plummets, Hot Money Chases Short-Term Profits

2025-12-07 15:20:20

Abstract generation in progress

[Crypto World] Some industry veterans have recently issued a warning: the crypto industry is now standing on the edge of a cliff.

What’s the signal? The number of developers seeking smart contract audits is plummeting. Where’s the money going? It’s all chasing the latest hypes—meme coins that go up 10x today and crash to zero tomorrow; or those DeFi projects that can’t even write a clear whitepaper, yet still manage to raise funds.

Even more ironic, this unhealthy trend is being fueled by some industry leaders themselves.

And the result? The entire ecosystem is becoming more and more complex and murky. Developers who genuinely want to build something can’t make sense of these games and just walk away; decentralization? Social progress? Those original intentions have long been thrown aside.

His advice is straightforward: stop messing around with flashy nonsense, and focus on building something truly useful and innovative. After all, Web3 is meant to serve the next billion users—not the next crop of bag holders.

View Original

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.

11 Likes

Reward
11
6
Repost
Share

Comment

0/400

GasFeeCrybaby

· 8h ago

Seriously, a bunch of influencers are hyping trends—who even cares about audits anymore? It's just absurd.

View OriginalReply0

ContractTearjerker

· 12-07 15:44

The auditor and developers ran off—doesn't this amount to industry suicide? If you ask me, the big players only care about cashing out, and no one cares about ecosystem security anymore.

View OriginalReply0

StakeHouseDirector