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Bridge DAU has been dropping for months
It was at ~30-35K daily active bridgers pre-October.
Now sitting at ~13K.
Bridging actually requires real conviction, you’re holding crypto, paying fees, and moving it somewhere else for a reason. When that stops, capital isn’t rotating anymore. It’s just sitting.
Look at the chart: even Across (which still handles most of the DAU) is down from ~25K to 9.8K. The whole stack has been bleeding lower for 6 straight months since the Oct liquidation spike.
Some of this is newer intent-based bridges eating share, sure. But most of it isn’t. People just aren’t chasing new chains, farming airdrops, or rotating across L2s like last year.
If this turns around, watch for DAU climbing back above 30K with activity spread across multiple bridges.