In general, the first quarter of 2026 has been on the weaker side, but it’s not just us. We’ve received reports that this whole industry is on a slight decline this year. The good news is that SWAPD suffered the smallest drop out of most of our competitors :) We know, because we use the same payment processors, and they share this data with us. FameSwap for example, suffered a 70% drop in activity compared to 1st Q of 2025.