DEX TRADER REALITY CHECK

Summary from the TLDR Crypto newsletter

A viral chart suggested Solana had 8M daily DEX traders last November, but deeper analysis shows 80% of those wallets were one-day users, many tied to "fake holder" tactics by token devs to boost stats. In reality, active repeat traders peaked around 2M in January and sit closer to 500-600K today. The correction highlights how inflated wallet counts can distort perceptions of true onchain activity.