Opinion · Nov 9, 2026 01:01 UTC

DeFi angle: dEX volume is supporting carry strategies

Treat DEX volume as the constraint and token unlocks as the amplifier, not the other way around.

Keeping a written thesis helps avoid narrative whiplash.

Against the backdrop of “FinCEN Withdraws Proposed Crypto Travel Rule Expansion in Separate November Move” and “Former FBI Agent Admits to $2.47 Million Crypto Theft”, positioning still matters more than slogans.

When books are thin, narratives look stronger than they are.

Mapping rate-cut expectations against institutional desks is a simple way to stress-test a thesis.

More insights