An 88.5% average reported loss rate across 12 trading platforms is hard to ignore. @zerufinance also shared figures like 97% for Pumpfun and 92.5% for Polymarket. I'd be careful comparing those numbers too literally. Different products measure losses in different ways. Still, the bigger question is worth asking: traders bring the volume, fees and attention, so why do most incentive models barely recognize that contribution? That's why Activity Markets caught my eye. The idea is to give verified onchain participants a shot at miner or creator rights, rather than just rewarding whoever gets in first.