2025-12-05 18:33:15

On-chain activity showing a dramatic shift—trader numbers have dropped 30x compared to previous levels. This steep decline in active wallets signals a major cooldown in market participation. Worth watching how this impacts liquidity and price action moving forward.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

14 Likes

Reward
14
7
Repost
Share

Comment

0/400

LiquidityOracle

· 12-05 19:01

30x crash? That must be really bad. No wonder it’s felt so chilly lately.

View OriginalReply0

RumbleValidator

· 12-05 19:01

30x drop? This data needs to be interpreted from the perspective of node validation. With such a sharp decrease in active wallets on-chain, the stability of the consensus mechanism is what we really should be concerned about.

View OriginalReply0

ProofOfNothing

· 12-05 18:59

30x drop? How cold does it have to get for that to happen... Are there really still people playing?

View OriginalReply0

DataBartender

· 12-05 18:54

30x drop? That must be really cold, liquidity is probably getting tight.

View OriginalReply0

ZKSherlock

· 12-05 18:52

actually... 30x drop is way too convenient a number. have you checked the methodological assumptions behind those metrics? like, are we measuring unique wallets or transaction volumes? because those imply wildly different trust assumptions about what "active" even means, ngl.

Reply0

UncleLiquidation