$28k per one account. How much abusers missed out on by not farming retro drops. Investors still believe in the beautiful future of crypto. Users - not anymore. > I collected stats on blockchains that raised during the bull market and matched them with current DAU (daily active users = number of active wallets): - Scroll: Series A + B = $80M. DAU: 2.6k - Monad: Seed + Series A = $244M. DAU: 14.4k - Celestia: $155M across two rounds. DAU: 1.2k - Berachain: Series A + B = $142M. DAU: 6k - 0G: Pre-seed + Seed = $325M. DAU: 1.3k - Linea: Series D = $450M. DAU: 6.3k - Mantra: $11M. DAU: 1.4k - Plasma: $24M. DAU: 15.9k Total = $1.4 billion spent to attract roughly 50k DAU. Simple math: total raised / total number of wallets = $28k per address. Anti-record: 0G. Raised $325M, got 1.3k active addresses. That’s $250,000 per wallet. These projects didn’t just fail to distribute money to users - they made money on them and split the raises between the team. VCs kept pouring money in, and no one wanted to admit the obvious: the bull run is over. Smart money? More like expensive lessons. *This covers only VC rounds, excluding public raises and token purchases. **We are counting wallets here, not real users. With multi-accounts and EVM wallets, the number of actual users is 3–5 times smaller.