The sector harbors millions of disappointments, but one of the biggest disappointments is this. It essentially plays into one of the most critical problems of Crypto: "data availability."

Modular architecture, DAS (data availability sampling) and blob-focused approach is the infrastructure story of the rollup era. In other words, the thesis is extremely solid on paper...

Moreover, there is "serious money + serious names" behind it. Bain Capital Crypto and Polychain, participants like Placeholder/Galaxy/Delphi Digital/Jump Crypto, later announced that with a new support of $100M from the foundation side, the total fund has reached $155M.

But the price? A disaster. While the ATH was $21.14, today it's $0.45, that is;

-%99.9.

Market cap is struggling to maintain its position even in the top 100.

With so much "infrastructure narrative" and "institutional support", the story written for the investor and the story told by the graph are two separate universes.