The fundamental issue with consumer crypto today is lack of consumers. 

Consumers need interesting or entertaining content to stick around.

Sign ups are irrelevant if you can’t retain them.

Everything else is a marginal improvement at best.

I don’t think even smart people realize just how few consumers there are in crypto.

This sounds like a gpt summary of what you said but it’s something I’ve deeply internalized after OP Retro Funding where I dove into the onchain metrics of everyone who applied.