In the first half of '25, any random new project launch could yield N times returns. But as the number of new projects keeps increasing, the quality has been dropping sharply. Take the popular @infinex for example—the project team changed the rules several times, yet participation remains minimal. 1) @infinex INX ends on 1.10, locked for one year 2) @TroveMarkets 1.8–1.11 3) @ranger_finance 1.6–1.10 TGE 100% 4) @zama 1.12–1.15 Dutch auction Projects with new launches completed and waiting for TGE: @intodotspace, @megaeth, @rainbowdotme, @aztecnetwork, @billions_ntwk, @EspressoSys Anything else to add? Let me know!!!