Trend · Nov 6, 2026 01:37 UTC

protocol revenue is testing conviction in hedging demand

ETHEREUM daily trend
ETHEREUM daily trend

Ignoring protocol revenue because exchange reserves looks exciting is how late-cycle mistakes compound.

That debate sits next to today’s market focus around “Anza Urges Solana Validators to Upgrade Agave Before Epoch 1079.”

Most blow-ups start as comfortable consensus.

Ignoring developer activity because user retention looks exciting is how late-cycle mistakes compound.

More insights