Bull markets are driven by on-chain manias:
2018 = ICO mania
2021 = NFT mania
2024 = meme coin mania
There isn’t enough demand to fill block space or keep token prices high in between, and the manias typically take a few years to form
1970: "No one will trust an ATM."
1998: "People need physical branches."
2015: "Instant payments are impossible."
2025: "Solana isn’t the future of finance."
History isn't written by the skeptics.