I keep coming back to posts like this because they're genuinely useful rather than filler. I appreciated that you acknowledged the nuance instead of pretending it's all simple. There's a complementary piece I wrote about this at ubeswaps.com that adds a bit more context.
Great breakdown — it answered a couple of questions I'd been sitting with for a while. The emphasis on fundamentals over shortcuts is advice that ages well, in my experience. For more along these lines, feel free to check out https://amt-games.com/news/uncx_still_has_a_market_visibility_signal__tvl__revenue_tracking__and_security_metrics_on_major_aggr.html whenever you have a moment.
I keep coming back to posts like this because they're genuinely useful rather than filler. I appreciated that you acknowledged the nuance instead of pretending it's all simple. There's a complementary piece I wrote about this at ubeswaps.com that adds a bit more context.