Wale speaking facts as always.
one of the few accounts I actually enjoy their reflections on issues in this space.
brypto so fake that you could barely know what an actual metric is anymore.
real 2k users > 100k fake wallets every single time.
but how would they convince VCs? lmao
most projects always meet their reality after tge or when incentives run dry.
while some have just mastered the art of wash trading and inflating metrics.
it is what it is.
Most numbers in crypto are fake, and it's hilarious that projects still think they can fool us.
100k daily active wallets, millions of transactions, nine-figure trading volumes etc etc. None of it is real. It's all just a way to make a project seem more important than it actually is.
I'm much more bullish on projects that talk about their real user numbers, even if it's only 2k, than on projects that pretend they have more users than the total number of people active on-chain