Simple $THE thesis for those of you who are confused about why price is up and keeps going up.
It's the buybacks, stupid.
Buybacks for $THE the next two epochs are going to be absolutely silly.
It was $100k last week and the following epoch (60) was almost double the revenue…
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@Ace_da_Book
Great thread as usual. Just wondering what your thoughts are on the sticky nature of liquidity (reluctance of LPs to move exchanges ie 3x price increase but no 3x TVL increase).
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@CryptoAlfafa
My honest thoughts are you should only look at the productive pools on Binance (ETH, BTC, BNB, FIL). The rest are noise and shitcoins that don't get consistent volume.
The productive liquidity is migrating to Thena. Once they establish better brand recognition, protocols will…
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@Ace_da_Book
This should be read as a case study in the DeFi University, Faculty of Tokenomics... Based
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@Ace_da_Book
Considering the little to none-existent competitor BNB dexes with decent volume this is basically guaranteed Binance listing in 2024
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