If you spend any time on crypto Twitter, you’ve probably seen this expression pop up: “We’re still so early!” It’s a phrase that sums up all the sector’s craziness—hacks and other problems come with the territory, while industry “firsts” on mainstream adoption are seen as big signals for what’s to come. 

Well, this week’s news cycle—a set of headlines see-sawing between wins and losses—in some ways showed how early the industry is, but in other ways showed how much it’s grown.