PANews reported on February 21 that Evgeny Gaevoy, founder of the cryptocurrency market maker Wintermute, recently stated in Fortune magazine's Crypto Playbook podcast that although the industry is opening up to government-supported blockchain adoption and Wall Street, the cryptocurrency industry is gradually being dominated by a "speculative bullish mentality (rising numbers)", diverging from the original cypherpunk concept. Bitcoin was initially designed to build a decentralized monetary system not controlled by governments and banks, but the current development trend of the industry leans toward financialization and speculation, and the cryptocurrency industry should return to the cypherpunk spirit in the future rather than fully integrating into Wall Street. Additionally, in response to the dispute between Ethereum, Solana, and other public chains, Evgeny Gaevoy pointed out that the market has overlooked the core issue, which is that the actual adoption of decentralized applications remains very limited. Although the total value locked (TVL) of the Ethereum ecosystem exceeds $120 billion, most of it is "dormant funds," and the actual integration rate into real economic activities is extremely low, still insignificant compared to the traditional financial system (TradFi).