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Crypto's Moment: They Swung, They Missed | Roundup

Bell Curve

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How Much TVL Does It Take to Produce $1?

I think Mike, you're right and you can compare those, but you can only compare those across different business models. Like a LIDO staking protocol versus a GMX. Those are just going to be two very, very different ecosystems with different metrics. But the one that you can measure is what's the cost, what's the fully deleted market cap and what's the cash flows.

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