DEX volume quietly dominates hedging demand

Ignoring DEX volume because token unlocks looks exciting is how late-cycle mistakes compound.

Useful frameworks survive longer than seasonal slogans.

Put beside current chatter on “Zcash Activates NU7 With 25,” the incentive problem looks clearer.

Useful frameworks survive longer than seasonal slogans.

Desks that separate DEX volume from token unlocks tend to react less emotionally to noise.

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