Why do we have to pick sides on this? There's no real opposition here. Basically, the vast majority of projects listed on Binance were all about 'on-chain innovation' before their TGE. But looking at the results, after TGE, it’s mostly just Pump, ENA, and some hype around coins that never made it (if we count past successes, there’s Stepn and AXS). The rest all fizzled out. Remember when everyone said AI was the future? And then we got aixbt, shell, eliza, ai16z... turns out it’s just meh. You can’t blame everything on CEXs sucking the life out of the market. So what does this really tell us?