Yi Lihua, founder of Liquid Capital, said that the reasons for the decline of the primary encryption market include narrative collapse, supply imbalance, the one plus three unlocking mechanism and high cost of adding currency, among which the average cost of CEX, the leading project online, is $10 million. Yi Lihua calls on Binance to improve its coin selection method, abolish the 1+3 unlocking mechanism, and suggests that cryptocurrency projects return to revenue and buybacks to reward investors with performance growth.
