-si- Any new technology that comes along has a phase where every man and his dog tries to join in. Then as the industry matures, becomes more accepted and real growth starts, natural winners start to come out and the rest fall to the side and are forgotten about to the point there’s usually only two or three real options.
I agree that’s highly likely to happen here. That doesn’t mean the whole thing is going to collapse. I can’t see ETH or BTC going anywhere soon and there’s a lot of room for other more bespoke blockchains that offer something unique.