That's correct, should have worded it differently. I guess to clarify, Terra, FTX, etc. were just signs that there was still too much leverage in the market. Basically to say that once the liquidity cycle shifts it tips over the remaining dominoes.

Could very well be the case that this cycle also ends on the same premise and any sort of unwinding in DATs begins afterwards

The current projects as pure robotics are BitRobot Network & FrodoBots. However, I do think DePin will initially catch a bid, similar to how the “Humanoid Enablers” will be a beta to pure Robotics companies like Figure Robot and Apptronik in the traditional market.

Especially if we consider how nascent robotics is as an industry currently, but even more so within the context of the crypto space. Peaq, Geodnet, and Auki Network are some that I’ve come across in terms of DePin “enablers” for robotics.