247M+ transactions recorded, yet DeFi TVL has dropped to just ~$307K. One reason why @ZetaChain's latest decision may be more interesting than most ppl realize. According to DeFiLlama data from Nov 9, the L1 generated just ~$5.9 in gas fees and recorded 176 active addresses in 24h (almost a ghost chain ngl). Recently, the team announced that shutting down the L1 and moving $ZETA to Solana on Dec 9 makes quite a bit of sense strategically. The team will focus on ZetaLabs, a private AI app, rather than maintaining its own infrastructure. Ofc, moving to another chain doesn't automatically solve product-market fit. But in crypto, I think knowing when to stop investing in infra and start focusing on the actual product isn't an easy decision either.
Fabius DeFiShare
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