Monad（$MON ）TVL is rising, up 27.05% in 24 hours. To determine whether this is a sustained change, I personally check three things:
1) Is the increase concentrated in a few leading protocols, or are multiple protocols rising together?
2) Is on-chain transaction volume increasing as well?
3) Can the trend hold for a while?
Which signal do you pay more attention to?
#MON
Just a market observation; please make your own trading decisions.
1) Is the increase concentrated in a few leading protocols, or are multiple protocols rising together?
2) Is on-chain transaction volume increasing as well?
3) Can the trend hold for a while?
Which signal do you pay more attention to?
#MON
Just a market observation; please make your own trading decisions.