L1 DAUs can be inflated by bots, but it’s notable that Helium’s 1.16M (real) daily active users surpass the combined DAUs of Ethereum, Toncoin, and Arbitrum. $HNT's market cap is approximately 0.14% of the combined value of these L1s. 🤔👀

Side Note: It’s remarkable that most of Helium’s daily active users are unaware they’re engaging with the helium network, thanks to seamless carrier (AT&T + T-Mobile) offload connectivity through Wi-Fi hotspots.