I've been in the crypto space since 2013 but followed it since 2012 and I have seen so many coins come and go. Some which had incredibly promising tech being developed never completed their products and went the way of the dodo.

ICOs were a great funding mechanism for a lot of coins but got hit with regulatory scrutiny. Then came other innovative ways to raise funds web3 style like presales, IDOs, IEOs, etc. Even TradFi got involved with funding when VCs started getting involved.

At the end of the day, raising money for altcoins is a lot of work in an increasingly crowded field, and a lot of teams dont have the budget.

AI and DePIN are taking up most of the attention after memecoins. Gaming was the big one last bull but this time I think it's coming secondary to these. A lot of interest is in tokenizing RWAs.