Post #2212

Returning wallets tell a different story than narratives. Tron (~3M), Near (~2.2M), BNB (~2.1M) are leading DAAs because they nailed distribution: Tron owns USDT rails, Near abstracts UX, BNB keeps fees near zero for retail. Meanwhile ETH and L2s lag in raw users, but dominate capital. Users ≠ liquidity… yet, but chains that win both will define the next cycle.