I think it has a lot, and developers are not sharing as much of what they are working on, so it feels like things are crawling.

This is pretty typical of any new project - and in our case protocol - you get super excited, build build build.. then realize you have all these bugs that take a lot of time figuring out and you struggle along the way wondering why bother. The initial hype wore off, we're now in the 99% people stop here phase. I think we'll see a lot of projects kind of fade out of existence in disrepair. Some will consolidate with others. People will join to work on fewer projects and things will really take time.

All of this would have been less pronounced if we had a lot more users, more revenue coming in because that is developer fuel - to see that the thing they are making is working.