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Axel is referring to the Zora chain, not the Base app which is the exact opposite story.
This is why data privilege matters and you should generally distrust most charts you see on Twitter.
Jul 27, 18:18
$ZORA is going absolute bonkers, but the metrics aren’t matching the pump at all.
- New addresses per month dropped from over 60k at launch to under 10k now
- Retention is falling off most new cohorts stick around for barely 1-2 months
-Contract creation peaked above 100k, now down to basically nothing
- Transactions have fallen from nearly 6 million a month to less than 1.5 million
- User count nuked from 200k+ at the peak to around 50k now
So yeah, price is ripping but the fundamentals look weak.
What am I missing here?
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