Remember that hype wave on a certain major chain a few weeks back? The ecosystem was buzzing with activity, new projects popping up left and right, everyone jumping in.

Fast forward to now? The volume's basically evaporated. Charts don't lie—what was once a flood of transactions has turned into a trickle. Makes you wonder if it was just another classic pump cycle or if there's something deeper going on with user retention.

Seen this pattern before across multiple chains. Initial excitement draws the crowd, but sustaining that momentum? That's the real challenge. Curious to see if the ecosystem can reignite or if we're looking at a longer cooling-off period.