Opinion · Nov 12, 2026 00:21 UTC

DeFi angle: market makers quietly dominates hedg — user retention is forcing a rethink of l

A simple checklist—user retention, stablecoin velocity, and inventory—beats improvising under stress.

Even when feeds obsess over “Katana Plans Revenue,” the durable question remains process versus prediction.

The gap between cycle psychology and open interest is where false confidence usually builds.

A simple checklist—institutional desks, governance turnout, and inventory—beats improvising under stress.

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