The industry is awash with concepts, a hundred flowers blooming.
At the beginning of the year, there were #memes, mid-year #perps, and #stable.
And now there's the #BSC ecosystem, prediction markets, oracles, and so on.
No matter how much they hype it up, the market's attention is currently on #BSC, and so is the money. So, as you've seen with other ecosystems and sectors, don't expect them to take off.
This is the current situation. The market size is limited, but the number of coins that can be issued is unlimited. Every time a coin is issued, some liquidity is trapped.
My cousin only knows how to list unlimited coins and let the market choose. He doesn't realize this is a fatal blow to the industry, as he has no delisting mechanism (although he does, he only delists a few a year).