This chart is a textbook example of journalism.

Using the comparison between the peak of the bull market and the middle of the bear market to grab attention🤡
Meanwhile, I'll also share some data from different perspectives between 2021 and 2026 (unit: USD):
1️⃣ Total crypto market cap: $780 billion → $3 trillion
2️⃣ Crypto user base: 295 million → 560 million+
3️⃣ Total DeFi locked assets: $15 billion → $123.1 billion
4️⃣ Stablecoin market size: $30 billion → $3.13 trillion
5️⃣ RWA: Almost none → $15.1 billion
If just a price chart is enough to prove that the industry hasn't developed,
then the internet probably ended after the dot-com bubble in 2001.
Using cherry-picked data as analysis usually has only one purpose—to attract traffic.