Hyperliquid has won perp DEXs.

Tether and Circle have won stablecoins.
Solana and Base have won the chain wars.
Polymarket and Kalshi have won prediction markets.
I could go on with this list, but you get the point:
As we mature as an industry, winners are consolidating, and it's already happening as we speak.
There are only two ways to win moving forward:
1) Accumulate the winners for as long as you can.
2) Start looking for actual 0-1 innovation where there is no defined winner yet.
But one thing is for sure, the stupid era of chasing long-tail copycats to make bank off the success of others is over.
And that's a good thing.