This is... a remarkably concise summary of why most crypto projects are bullshit: https://www.stephendiehl.com/blog/nothing-burger.html
One of many things that continues to boggle my mind is that investors are shoveling millions and millions of dollars into "decentralized finance" projects which can't process more than a dozen transactions per second, when existing financial systems *at a single company* execute literally millions of trades per second at a tiny fraction of the cost. How are DeFi exchanges going to compete?