Contract warehouse 167 million, on-chain daily fees only $2,000.
$NEAR Binance 2.615, day +12.0%; spot about 86.2 million.
Perpetual daily notional about 52 million, long-side tax is overheated.
DeFiLlama Near daily fees about 2017, month-over-month -1.9%.
On the same day, $BTC were +0.86%.
The heat is in positions, not in fees.
#AI叙事 #on-chain fees