Everyone's sharing the list of crypto projects that shut down this year.
But they're looking at the wrong list.
Every cycle retires products.
The more interesting question is what people quietly kept doing anyway.
People kept using stablecoins.
They kept carrying wallets.
They kept experimenting with AI agents.
They kept predicting onchain.
They kept building reputation onchain.
People rarely unlearn useful habits.
That's usually where the next cycle starts.