According to Milk Road (@MilkRoadDaily), the Dune Index, which aggregates fees, transfer volume, and transaction count, has displayed consistent onchain adoption growth since 2021. Each decline in the index has aligned closely with broader market corrections. The current dip in the index mirrors the patterns observed during the 2023 and 2024 corrections, suggesting a cyclical trend. Traders should note that previous similar dips were followed by significant recoveries, indicating a potential opportunity if historical trends persist (source: Milk Road on Twitter, May 4, 2025).