Your point is not without reason, but there's a detail worth re-examining. Back then, MySpace and Hi5 were firmly established in the social field, but Facebook came along and changed the landscape. At that time, X hadn't even launched yet, and now it has become a dark horse in traffic.

This logic also applies to the crypto ecosystem. Seemingly invincible platforms are not eternal. Any product that remains stagnant risks being overturned by the next generation of innovation. New players often attract users with better user experience, lower costs, or more innovative mechanisms.

The key is whether the product itself can continue to iterate and optimize. Those who can adapt to market changes faster will be able to maintain their influence. History has shown us that monopolies are not eternal.