Alt coin hype over utility. What’s actually happening on chain?

We all know hype sells. And sex - but if you’re here reading this you’re probably not having any. Which is why I’m here posting too.

What are most people even doing now with crypto? Buying and holding on CEX still predominantly? Or has the assurance of self-custody swept through retail (if you can even call it that)?

Buying BTC and ETH is fine and well but I’m feeling that some more risk tolerance is needed in my portfolio. This bear will only last for so much longer and it’s seeming like the now or never moment is looming. NFA.

I’ve been eyeing entry points into some alt coins in the top 50 and considering there’s a lot still down 45%-89% it’s got me trying to narrow in on what’s important. Low fees. Self-custody. Ease of use. Real world application. Scalability and reliability. How many alts sitting in the top 10 will still be there in a year or less? Hard to say when I know shit about fuck.

I’m also thinking about what I want to do with a particular blockchain - am I staking and earning a % or buying NFTs and going degen on some meme coins? Maybe I’m just a DCA guy playing on the sidelines. What else is there to do “on-chain” for the average retail investor?