NFT liquidity still sets the tone for retail participation

Improvements in protocol revenue without confirmation from exchange reserves tend to fade faster.

That debate sits next to today’s market focus around “Curve Volume Halves to $425 Million as 3pool's USDT Tilt Eases.”

Builders and treasuries should track protocol revenue even when social feeds obsess over exchange reserves.

Revisit assumptions weekly; markets change faster than slogans.

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