2026-01-14 18:36:15

The data for a certain L2 public chain is indeed a bit awkward—daily active users are in the single digits, with only about ten transactions per day, yet the market cap can still stay at $1 billion, and the FDV is inflated to $15 billion. Such a contrast can only be played out in the crypto market. The gap between user activity and valuation clearly indicates one thing: some projects have bubbles that are truly extraordinary. This phenomenon is actually quite common in the industry and serves as a significant warning.

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NftDeepBreather

· 18h ago

Single-digit users support a market cap of 1 billion? That's quite a boast, haha.

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HashBard

· 18h ago

ngl this is just pure narrative theater at its finest... single digit users but $10b mcap? that's not a valuation, that's a collective fever dream. the fdv number reads like science fiction tbh. this is what happens when tokenomics divorced from reality meets discord hype cycles fr

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WinterWarmthCat

· 18h ago

Daily single-digit users can still support a billion-dollar market cap; how desperate must one be to buy it?

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TradFiRefugee

· 18h ago

This is the magic of the crypto world. A few transactions worth around 15 billion FDV, truly amazing.

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MidnightGenesis

· 18h ago

On-chain data shows that the contract deployment time and actual activity for these projects have never matched. Notably, the massive liquidity injection almost all pointed to the same wallet.

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