X @Wu Blockchain

Arthur Hayes on the Prerequisites for Altcoin SeasonArthur Hayes, co-founder of BitMEX, discussed past altcoin seasons in an October 10th interview with When Shift Happens. He noted decentralized apps (DeFi) should generate cash flow via disintermediation and reward token holders, but most failed in past cycles:Most had no clients, product-market fit or cash flow; even some successful altcoins didn’t return value. 2021’s DeFi Summer saw projects attract users with tokens, ending in crashes; 2023-2024 crypto ...