The crypto market is currently in a bear market, with prices down significantly from their all-time highs. This has led to a decline in the number of new crypto startups, with the number of new monthly startups falling off a cliff by 98% since early 2022.

However, there are still some builders who are continuing to build during the bear market. In this podcast episode, we talked about the current builder mentality and what it takes to build a successful crypto startup in a bear market.

Key takeaways:

• The current bear market has led to a decline in the number of new crypto startups.
• However, there are still some builders who are continuing to build during the bear market.
• To build a successful crypto startup in a bear market, it is important to focus on the following:

1. Building a product with real utility.

   Focusing on the long term.

   Building a strong community.

We also talked about how strong long-term vision and products with real utility will be well-positioned to succeed when the market eventually turns around.

Links to application data from Alliance DAO on the sectors builders are focused on currently:

https://twitter.com/alliancedao/status/1696626569278636080?s=20

https://twitter.com/MilkRoadDaily/status/1677363785907019786?s=20

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