Startup categories that are very crowded right now: 1) Prediction markets (aggregators, long tail markets, verticalization, etc.) 2) Privacy - ZEC revitalizing a value proposition of privacy. 3) Stablecoin neobanks and agentic payments - tons of neobank players with real traction. Seemingly, hardly anyone with real traction in agentic payments..yet. 4) Onchain structured products (local stablecoin carry trade, high yield delta neutral using AI, private credit backed stablecoin)

Building in these verticals isn't necessarily bad, there's just a lot of competition because they're known, large opportunities. This means that you need some unique insight or right to win against the existing competitors.