.@MeteoraAG is still generating competitive levels of fees even in this depressed market the fact that 50% of the tokens are already unlocked is also an advantage compared to other protocols $MET
the post-tge price action of $LIT will be the first real signal since hyperliquid of how a genuinely competitive product gets valued in this market environment it's likely to influence many upcoming perp dex projects with tge ahead
assets with relative strength have no excuses weekly open, monthly open, yearly open, bullish retest, bearish retest, this pattern, that pattern, etc etc instead, they just go up space stocks > btc
in the end, we've failed to break out of the range to either side for weeks and are still stuck consolidating I think this increases the odds of a weekly 50MA retest before one more leg down
even promising projects have to struggle on the price performance side because of the "magic of tokenomics" will there ever be a time when this isn't the case?
I think $umbra is the most promising onchain candidate that satisfies both the ownership thesis and the privacy narrative the remaining issue is still the overall market condition