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Billymkk
Billymkk
This is the metric I’m watching. Not how loud the narrative is, but whether users are actually paying to use the product. $AAVE → lending demand $HYPE → leverage demand $ENA → stablecoin and dollar demand If fees keep growing, the market has something real to price. Usage first. Narrative second.
Web3 Fa'ee
Web3 Fa'ee
$AAVE earns from lending. $HYPE earns from perps. $ENA earns from the dollar trade. Credit, leverage, stable yield. If DeFi is real this cycle, these three show it in fees, not slogans

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