As it turns out, the Solana bull market was just FTX/Alameda stealing your money and funneling it into illiquid tokens and "ecosystem assets".

Similarly, much of the "Total-Value Locked" in the Solana DeFi ecosystem was faked through protocol obfuscation.

Web 3.0 baby. https://t.co/Qmz3kCZaiE pic.twitter.com/yNHlPslLBo

— Dylan LeClair 🟠 (@DylanLeClair_) November 21, 2022