Let alone the legal risks caused by domestic mass incidents, another key point is that the most awesome thing about the currency circle is that its average user spending power is far higher than that of other industries.

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Why can @kaitoai have such an outrageous valuation with so few users, because whether it is WeChat or Xiaohongshu, the spending power is much weaker than crypto twitters. Why can @hyperliquidx achieve 1/10 of Binance's trading volume with 1/7500 users?