Season 2, Week 5
‣ $4.7B total spot + perps volume
‣ $490M open interest
‣ $500M lent assets -- new ATH
‣ $246M borrowed assets -- new ATH
Show us your points 👇
It's easy to get caught up in the mania of the moment, taking shortcuts to keep up with what's in vogue. But some of the hottest projects every cycle come and go, crashing as fast as they rise. Time and again the single most important thing in crypto is simple.
Survive.
Hot take: This constant push by investors (retail and institutional alike) for early stage protocols to conduct buybacks is one of the biggest mistakes our industry is making.
We need protocols to be prioritizing growth. No startup whether centralized or decentralized can afford to not prioritize growth. It is better to do it with revenues than token inflation.