#dau
dau
606 views
4 Discussing
Hot
Latest
Solana has steadily added 1.5 million daily active users each month over the past three months, and this growth curve is indeed impressive.
The on-chain activity doesn't lie; the increase in SOL ecosystem users is significantly ahead of others. After breaking it down, it’s likely that this wave of meme frenzy combined with the expectations of airdrops from several core protocols has fully locked in both seasoned investors and script studios on-chain. Now the key is to watch the network's capacity; with such high-frequency interactions and minimal downtime, it shows that the underlying optimizations have indeed been effective. However, if most of these DAUs are just here for the “reward” and are opportunistic users, the retention rate is likely to take a hit once the reality sets in. KelpDAO was just hacked on Ethereum and Arbitrum, suffering losses exceeding $280 million, with the attacker’s initial funds all coming from Tornado Cash.
This wave has the familiar flavor of “precision bombing.” $280 million is no small amount, and KelpDAO’s Restaking narrative has now gone straight to the ICU. On-chain data shows the attackers are still quickly laundering money, operating with a skill that’s quite concerning. For security gaps of this magnitude, the project team simply cannot patch it in the short term, and a TVL collapse is almost a certainty.
Seasoned investors still need to be wary of the combinatorial risks of such protocols; if authorization needs to be revoked, do it promptly and don’t wait until it’s too late to check the books. Was this wave due to a code logic flaw or a permissions leak? What does everyone think, does this project still have a chance at resurrection? #KelpDAO #Security #Exploit #DeFi $ETH $ARB
.
Brothers, are you currently chasing meme coins on-chain, or are you trying to cash out on airdrops? #Solana #Crypto #DAU $SOL
The on-chain activity doesn't lie; the increase in SOL ecosystem users is significantly ahead of others. After breaking it down, it’s likely that this wave of meme frenzy combined with the expectations of airdrops from several core protocols has fully locked in both seasoned investors and script studios on-chain. Now the key is to watch the network's capacity; with such high-frequency interactions and minimal downtime, it shows that the underlying optimizations have indeed been effective. However, if most of these DAUs are just here for the “reward” and are opportunistic users, the retention rate is likely to take a hit once the reality sets in. KelpDAO was just hacked on Ethereum and Arbitrum, suffering losses exceeding $280 million, with the attacker’s initial funds all coming from Tornado Cash.
This wave has the familiar flavor of “precision bombing.” $280 million is no small amount, and KelpDAO’s Restaking narrative has now gone straight to the ICU. On-chain data shows the attackers are still quickly laundering money, operating with a skill that’s quite concerning. For security gaps of this magnitude, the project team simply cannot patch it in the short term, and a TVL collapse is almost a certainty.
Seasoned investors still need to be wary of the combinatorial risks of such protocols; if authorization needs to be revoked, do it promptly and don’t wait until it’s too late to check the books. Was this wave due to a code logic flaw or a permissions leak? What does everyone think, does this project still have a chance at resurrection? #KelpDAO #Security #Exploit #DeFi $ETH $ARB
.
Brothers, are you currently chasing meme coins on-chain, or are you trying to cash out on airdrops? #Solana #Crypto #DAU $SOL
Login to explore more contents