TechFlow reports that Pacman, founder of Blur and Blast, posted on social media: "The bear market of 2019 was actually frustrating—nothing worked, there were no users. Now we have DeFi, Perp DEXs, NFTs, yield-bearing stablecoins, and most importantly, a significant number of highly active users still exist on-chain, with high engagement (in terms of transaction volume and size) and strong retention. While it's difficult to predict whether crypto prices will rise or fall in the coming days or weeks, this field is here to stay. Each cycle produces new category leaders, and these new leaders are almost always built during bear markets (Blur was also built during a bear market). This may seem counterintuitive, but times like these represent the best opportunities. It's time to lock in and build."
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