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$ONE looks increasingly abandoned. After the August exploit that reportedly forged ~3T ONE and forced a 140K+ block rollback, trust in the chain took another major hit following the 2022 Horizon bridge hack. TVL has collapsed from around $1B to roughly $150K, while on-chain activity and fees have nearly disappeared. With the migration to Ethereum, shrinking market cap, and validators exiting, the L1 economy looks severely weakened. For now, the fundamentals offer little reason for optimism.