The market still thinks trading products win by adding more features.
What stands out to me is that the strongest advantage may be forming somewhere else entirely: data.@GeniusOfficial
Every cycle creates a new assumption about edge. First it was information. Then speed. Then liquidity. But as execution becomes increasingly standardized, the real asset starts looking like behavioral data collected across thousands of decisions.

I've been watching Genius through that lens.
Not because of any single update, but because every trade routed, every preference expressed, every execution path chosen creates another layer of intelligence about how users actually behave in live markets. Most of that value doesn't show up in token metrics or revenue dashboards.#genius
The market tends to price products as they exist today. It rarely prices the feedback loops being built underneath them.

What's interesting is that data networks often strengthen quietly. Users arrive for utility, but over time their activity improves the system itself. Better routing attracts more activity. More activity generates better insights. The loop starts reinforcing itself.$GENIUS
By the time people recognize the moat, it's usually no longer being built.
This isn't about trading volume anymore. It's about who owns the most valuable map of trader behavior.

Market Seems