This. The total market size of crypto is actually fairly small and nowhere in the trillions. The actual float of most tokens is tiny - a ton of tokens are locke

This. The total market size of crypto is actually fairly small and nowhere in the trillions. The actual float of most tokens is tiny - a ton of tokens are locked up in staking and various smart contracts. You just have to spend a few weeks in crypto communities to realize how small the market truly is. You can tell all the influencers and market makers by name within two weeks. I would say the market is at most a 2-3x the total circulating supply of major stablecoins (approx 150B)