Many people see the short-term rise of Notcoin and call it a 'cyclical ticket', but what I see is the 'user behavior and on-chain metrics behind the rise', which gives me confidence.
I observe three metrics: TVL, trading volume, and active wallet count over a 7-day curve. The results are quite stable: TVL rose from 30 million to 42 million, the number of transactions increased from 35,000 to 52,000, and active wallets also rose from 8,000 to 13,000. This synchronized upward trend indicates that the price is not just pure sentiment, but that incremental funds and user composition continue to expand.
I focus on the 'transaction count/active wallet' ratio, also known as 'participation depth ratio'. It increased from 4.3 to 4.6, meaning that each person's trading frequency has increased, which represents growing ecological stickiness for me.
Another small observation: the number of on-chain governance proposals jumped from 0 to 3, and the participating wallets increased from 200 to 600. This shows that it is not just 'air governance', but that real people are starting to initiate topics and vote.
Writing this down, I won't exaggerate it as the next BTC, but I will say: the data architecture over the past 7 days tells me that it is at least a flower breaking through the soil, rather than a firework that suddenly appears.
@The Notcoin Official $NOT #Notcoin