capital rotations get faster and more aggressive towards the end of market cycles
Tectonic shifts in the perp dex world.
Perp DEX Volumes compared to 1 week ago
Hyperliquid (red) $11.0b 👉 $10.0b
Lighter (yellow) $3.9b 👉 $11.0b
Aster (blue) $1.9b 👉 $35b
Edgex (purple) $1.4b 👉 $6.2b
This feels just like
2018 exchange fee-mining season
2021 defi summer pool2 season
It doesn't end particularly well for retail.
Cash-out even a small amount, unless you know what you're doing.
It is very easy to lose money at this stage of the market.

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