My take on the dominos falling:

1) The crypto Wild West is fertile ground for traditional fraud and folly. But every collapse not only removes an irresponsible party, but motivates other players to improve their behaviors.

Long ways to go, of course.

2) The tech of the projects that I find useful, remain useful and used, without any interruption caused by the extreme pricing swings of tokens.

There is some very non-brittle tech in the midst of all the chicanery.

3) We have yet to see the Great Crypto Snake Oil Extinction Event. Many many extremely speculative projects keep chugging along.

I firmly believe the Great Extinction Event is inevitable! So much trash.

But it doesn't seem eminent, so I expect it will unfold in interesting ways when it does.