A partner at Dragonfly, a prominent venture capital firm in the cryptocurrency space, has issued a critique of the 'bunker mode' strategy that some blockchain projects and companies have adopted. This term refers to a defensive posture where organizations minimize operations, reduce public engagement, and focus solely on survival during periods of market volatility or regulatory pressure.

According to the firm, this defensive approach is counterproductive to the long-term growth of the blockchain ecosystem. Instead of retreating, Dragonfly argues that projects should maintain proactive development and continue to build and ship products. The firm suggests that the current market climate requires increased transparency and active participation rather than the isolationist tactics associated with 'bunker mode.' While the specific projects or market conditions triggering these comments were not detailed, the stance highlights a broader debate within the venture capital community regarding how crypto-native entities should navigate downturns or periods of intense scrutiny.