Therefore, tracking sentiment alongside on-chain metrics remains essential for understanding whether this social buzz translates into sustained capital inflows.
Source: Santiment
User activity weakens as network growth and transactions drop
Network Growth dropped to 29.2K and Transaction Count fell to 319K—both sharply down.
This suggests a reduction in new user adoption and overall network usage. While price and sentiment metrics point upward, the on-chain user base appears to be shrinking in the short term.
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