We’re seeing the same parallels from 2021/22 here from 2024/25
Back in 2021, OpenSea was the king of NFTs and were simply untouchable. LooksRare couldn't compete, neither could X2Y2 back then.
Then Blur showed up, then Magic Eden came for them both. All it took was better incentives and actual community focus.
The same thing with Friend Tech and Stars Arena
We're seeing the same thing again, but this time it's just a different battle.
Pump had all the volume, all the attention, but they got comfortable.
Bonk came and flipped them without any hesitation in sight.
I'm not saying Pump is done btw, and I'm also not saying Bonk will stay on top, but this is healthy and it’s necessary.
Platforms only start to win long-term when they evolve, reward their users and don't take their position for granted.
Let's see who earns it this time.
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