The crypto sector has seen a resurgence, with figures like Bitcoin nearing $100K despite skepticism from mainstream media. Critics, often labeling crypto as a scam, were vocal during the fallout from FTX in 2022. Yet, various crypto projects, particularly in stablecoins and decentralized finance (DeFi), are addressing real problems, especially in regions with unstable currencies. Memecoins, which thrive on internet hype rather than utility, create divisions even within the crypto community. Despite this, new models like decentralized physical infrastructure networks (DePIN) are emerging, which leverage crypto to build crowd-funded infrastructure. Notably, Helium has transformed from IoT networks to a decentralized mobile coverage provider, sparking criticism despite its operational successes. The article argues that while certain aspects of crypto have attracted negative attention due to volatility and misconduct, many innovations aim to provide tangible benefits. In the wider context, it highlights the ongoing evolution of the industry and suggests that the best applications of crypto are still developing, challenging the media's often critical portrayal of the sector.

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