It is true that Waves is falling in the coinmarketcap ranking, but this is not the fault of the market recession. In my opinion, it is the fault that Ethereum is more userfriendly. Despite the fact that the bear market lasted two years, and many projects collapsed, quite a number of projects based on Ethereum have been quite successful. When it comes to the Waves platform, I don't know a single one that would succeed, all of them fell. I think this is the main reason that the price of Waves has dropped and people have stopped talking about it.