MegaETH's stablecoin USDm Supply shrank from 600 million to 18 million 95% evaporated in three months Star L2 teamed up with Ethena, even brought in BlackRock BUIDL The setup is nothing short of luxurious But users voted with their feet As soon as subsidies stopped, liquidity vanished instantly So the money they raised, Is it all spent? Or is it all set aside for salaries?