How did House Velaryon go from having a massive fleet and supplying 1/4 of Rhaenyra’s army to supplying a total of four ships to Stannis’ forces?

A combination of the Dance of the Dragons, which permanently lost them Spicetown, and backing the Targs in Robert’s Rebellion, which cost them what they had left.

Also, while Oakenfist was hugely successful, that’s a lot of blood and treasure being expended for royal gain.  

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