A friend asked me: “The value locked on the Monad chain rose by $213 million in 24 hours. What does that mean?”
My take: Maybe more people have been using DeFi on Monad lately, or maybe the numbers have simply been lifted by rising prices of on-chain assets. You can’t tell just by looking at the value locked. As for whether $MON will be affected, that’s another question.
Do you buy these numbers?
For reference only. Proceed at your own risk.
My take: Maybe more people have been using DeFi on Monad lately, or maybe the numbers have simply been lifted by rising prices of on-chain assets. You can’t tell just by looking at the value locked. As for whether $MON will be affected, that’s another question.
Do you buy these numbers?
For reference only. Proceed at your own risk.