That's true to some degree but you shouldn't forget that not only the overall market cap grew, but also the number of projects on which the money invested is being spread out. I know we have a lot of new people every day coming into crypto, but we also have a huge number of new projects that ask for money.
We should have right vision about total market cap. Lots of people misunderstood this important term, then was misled to wrong directions wine making their important decisions.
Total market cap is scam term!