Trader: While ZORA is rising sharply, on-chain data indicators are declining across the board

Odaily Planet Daily News: Trader Axel Bitblaze posted data on X, saying that although ZORA is currently experiencing a surge (monthly increase of over 800%), the changes in its on-chain data indicators do not match its market trend. Specifically:

1. The number of new addresses added monthly by Zora has dropped from more than 60,000 when it was launched to less than 10,000;

2. User retention rate is declining, and most new users can only stay for 1-2 months;

3. The number of contracts created per day once reached more than 100,000, but now it has basically dropped to zero;

4. The number of daily transactions has dropped from nearly 6 million per month to less than 1.5 million;

5. The number of active users has dropped sharply from more than 200,000 at its peak to around 50,000 at present.