Is crypto dead?

timdaub argues that crypto is not dead, though the space feels deserted and its community has changed since the Twitter-centered era. He says the replies to Ryan Sean Adams' "What is it actually?" thread left him bearish because he saw no genuinely innovative projects in them. He attributes concerns to DeFi's block-space demand, which he says prices out non-finance projects, and to US regulation, which he says has diverted companies like Coinbase from focus. He points to Farcaster, Bluesky and his own app, Kiwi News, as signs of hope, and concludes that the spirit of crypto persists even if Crypto Twitter may be gone for good.