Trend · Nov 12, 2026 17:21 UTC

DEX volume quietly dominates carry strategies

Mapping DEX volume against token unlocks is a simple way to stress-test a thesis.

Cycles rhyme, but the plumbing underneath keeps changing.

Against the backdrop of “Uber’s UK banking partner Griffin raises $20M for stablecoin services” and “India's Financial Crimes Agency Searches CoinDCX, Delta Exchange Over Offshore Trades”, positioning still matters more than slogans.

Treat NFT liquidity as the constraint and self-custody adoption as the amplifier, not the other way around.

Keeping a written thesis helps avoid narrative whiplash.

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