Story (IP) has witnessed a dramatic 88% decrease in daily active users, falling to 1,600 from over 13,000, following a smart contract audit by BitsLab that uncovered two vulnerabilities. This revelation has led to investor apprehension, resulting in a sell-off of $810,000 in IP tokens. Additionally, chain fees and decentralized exchange (DEX) volumes have reached multi-week lows, with total value locked (TVL) and transaction activity also experiencing significant declines.