Author: Wenser, Odaily Planet Daily

Edited by: Hao Fangzhou

Recently, Mysten Labs CEO evan.sui shared his views on the “bear market.” He mentioned that he does not agree with the so-called “bear market is good, keep building” argument. In fact, the bear market is not “great,” and packaging it as good for everyone ignores the real costs (such as discouraging builders and users). Many retail investors and excellent teams will face cash flow problems and have to exit, ultimately harming the long-term development of the crypto industry.

However, data supports this view. A report released by Lattice VC in October 2024 showed that over 80% of crypto startups that announced seed funding during the 2022 bear market were still in development. In…