Many innovations turn out to be solutions to problems that don't exist to justify raising money.
Meanwhile great protocols solve for real problems.
Hyperliquid: Built on GMX to offer more pairs, better UX, and faster execution
Pendle: Allowed for points farming & yield speculation
Kaito: Democratized mindshare incentives
Pump: Made it simple to create tokens
Polymarket: Made it easier to use prediction markets
Bittensor: First mover for decentralized AI
Maple: First mover for institutional lending & yield.
Bring back first principles.
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