@asfvd
Platforms like Uniswap v3, Aave v2, and legacy Curve pools have shown flat or declining unique active wallets in recent weeks—even as broader DeFi activity rose. This suggests capital has rotated into newer ecosystems like Base, Linea, or modular rollups, where user growth continues. On-chain data reveals daily active wallets on old platforms rewound by 15–20%, while newer L2s gained 40–70% in the same period. These trends reflect shifting interest to narrative tokens, community-led farming, and testnet interactions—rather than older protocols that rely on fee revenue and lack fresh incentive programs.
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