open interest is supporting retail participation: reading the THORChain Restarts tape

Most blow-ups start as comfortable consensus.

Put beside current chatter on “THORChain Restarts Most Swaps, With 14 Nodes Yet to Upgrade,” the incentive problem looks clearer.

Cycles rhyme, but the plumbing underneath keeps changing.

Improvements in rate-cut expectations without confirmation from institutional desks tend to fade faster.

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