174.8K @StrongHedge Trades:
$AERO
Shorted $55’s on those highs being ran & rejected, closed 75% at $48’s
One more pump into mainnet launch is a gift
$BTC
Scaled a long 1/4 size at $59’s, more of a gamble than anything
Zero spot bid but price took last quarters low. New quarter in 6 days https://t.co/lRLSAiyIwr
174.8K @StrongHedge I still believe the market trades lower btw, just not until later
174.8K @StrongHedge Still in $BTC long & have been slowly adding.
Tight stop, but more confident we bounce for now.
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12.1K @lordjorx Revenue is finally starting to matter.
This table from @DefiLlama compares protocols with growing revenue over the last 30 days with their token performance across the last 30 and 90 days.
Ninety days ago, Bitcoin was trading around $65k and is down roughly 10%. In a market where crypto (and especially DeFi) has struggled, outperforming BTC is difficult.
Some familiar names in the list:
> @HyperliquidX
> @Morpho
> @maplefinance
Another interesting takeaway comes from Price-to-Fees multiples.
Perp DEXs trade at higher multiples, reflecting expectations of stronger future growth. Meanwhile, money markets and DEXs trade lower, suggesting the market expects less from them. Interesting.
Could this be an opportunity? I'm betting on DEXs, with AERO as my pick.
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92.6K @Flowslikeosmo 
20.7K @wagmiAlexander Breaking: @AerodromeFi launches the Stable Coin FX Layer -- immediately captures 51% marketshare -- with absolutely no offchain deal making required. 🛫 https://t.co/KIO3BVKyV5
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