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.
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〽️ Crypto Pulse 👉 @degendaoinfo #crypto