Is attention in crypto shifting away from fundamentals again?
Lately I’ve been noticing a shift in how attention moves within the crypto space, and I can’t tell if it’s temporary or something more structural.
On one hand, the infrastructure side keeps improving. DeFi protocols are becoming more efficient, tools are getting better, and there’s real progress happening in terms of design and functionality
But despite that, it doesn’t really feel like attention is flowing toward those improvements in the same way.
Instead, it seems like people are increasingly drawn to things that are simpler to engage with and easier to understand at first glance, even if they don’t offer much depth from a fundamentals perspective.
You even see newer names like DerpyDave popping up, which don’t really focus on technical depth at all and are more centered around identity and community engagement.
It makes me wonder whether the average user is still prioritizing long-term value and system efficiency, or if attention itself has become the main driver of participation.
Maybe it’s just another cycle where narrative temporarily outweighs fundamentals, but compared to previous periods, the balance feels different this time.
Curious if others are seeing the same thing or if it’s just me noticing patterns that aren’t actually there.