My favourite part of the week - @Lighter_xyz points distribution:
Pretty diluted as closed beta comes to an end - over 100k volume per point for me last week which is very inefficient (>$3m traded and double digit return %),
Worth noting I wasn't trading to farm points last week (new pairs etc) and was mostly in hype, pump, sol, avax which were pretty heavily traded markets with large OI (bar avax).
If the market stays quiet will be targeting points accumulation so lets see how we go next week
989 points on ~$340k vol in the first @pacifica_fi distribution (0.05% of point supply), pays to be early to these programs.
Shouts to @StayRoamer for pushing this one, perp dexes are saturated but they all make money so there is some inherent value in the tokens. All worth farming
If cycles are truly a thing of the past and market has matured thanks to instos, crypto natives will need to adjust as both risk and reward are reduced from here on out.
Pumps will be less volatile and upside capped, as we have seen all cycle really. But downside, at least on BTC and perhaps other DAT adopted majors may also be limited.
Begs the question whether this is an appealing market for crypto degens who don't really care about the risk side of the r/r equation
Could be a nice confluence of catalysts for $Sol with @Collector_Crypt taking off and reinforcing Solana as the home for internet markets, as well as the flows from Sol DATs.
Truly incredible:
The S&P 500 in Bitcoin terms is now DOWN -15% year-to-date.
Since 2012, the S&P 500 in Bitcoin terms is down -99.98%.
We are all witnessing history.