Picture this: 80% of an 800k user base actually aren't genuine users—they're behavior patterns engineered through APIs and incentive structures. The real question becomes sharper when you realize roughly 640k accounts existed solely because external payouts kept them active, not because the product itself compelled engagement.

So what really happened? Did the platform lose customers, or did it simply eliminate its subsidy costs? The distinction matters. One signals natural demand erosion. The other reveals the uncomfortable truth: transaction fees and rewards were propping up activity that would've vanished without financial scaffolding.