How to Find Tokenless Protocols Worth Your Time

And a few tokenless projects worth checking out.

Hey, you!

How motivated are you to chase new hot projects these days?

I posted on X that my motivation to chase new projects has waned. Probably the most since I joined crypto in 2018. Even during bear markets, it felt better.

Wonder if I’m the only one? Maybe I’m lazy… Or bored? Although it’s not quite that.

I'm more cautious about depositing large % of my portfolio into new protocols than I was before.

In the past bull runs, money flowed more freely. It was easier to make gains, but now, money is tight as alt season hasn't arrived yet.

The risk-reward ratio has changed, too: while hacks and exploits are less common now, the rewards from airdrops for the vast majority of projects have decreased.

Money is diluted among a large number of protocols. Nothing stands out too much.

I also feel that there are too many new projects with just incremental improvements without real 0 to 1 innovation. Mike Dudas seems to agree.