#bedrock Sometimes I wonder if we overcomplicate what’s happening in crypto.

Every cycle, it feels like a new “thing” is supposed to matter most.

Yields.

Incentives.

Narratives.

Attention.

And for a while, each of them does matter.

But then something subtle changes.

People stop staying for the same reasons they arrived.

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I’ve started paying more attention to what holds something together after the hype fades.

Not what brings people in.

But what makes them not rush out the second something else appears.

That part is quieter.

Less exciting.

Harder to measure.

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Maybe that’s why retention feels like an underrated idea.

It’s not flashy.

It doesn’t trend easily.

But it decides what actually lasts.

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Anyway, just a thought.

Feels like the next phase isn’t about pulling more liquidity in…

It’s about whether anything meaningful happens after it arrives.@Bedrock $BR

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