Altcoin

DeFi

Arthur

Narrative

<ul>
 <li>Arthur Hayes says this time altcoins will run because real users are paying for real services, not because of airdrops or low-float VC games.</li>
 <li>He contrasts DeFi summer and the 2023 to 2024 VC cycle with 2025’s emerging projects that share revenue with token holders.</li>
 <li>He thinks once U.S. macro noise around Trump’s second term settles, these cash-flowing altcoins can drive a more durable rally.</li>
</ul>
BitMEX founder Arthur Hayes laid out why he thinks the next altcoin season will look nothing like the last two cycles. In a recent interview he said the market is finally getting projects that were actually built for customers, that charge for usage and that pass value back to token holders. He called this the real altcoin season because it would be driven by paying clients instead of by liquidity stunts, which makes it more sustainable for traders.
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 Arthur Hayes on the Prer…
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Read The Full Article <a href="https://coinedition.com/arthur-hayes-paying-clients-will-power-next-altseason/" rel="noopener noreferrer nofollow">Arthur Hayes Sees New Altcoin Narrative Built On Paying Customers, Not Hype</a> On <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Arthur Hayes Sees New Altcoin Narrative Built On Paying Customers, Not Hype

Coin Edition

Other articles published on Nov 6, 2025

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