The flow of funds is often reflected in trading activity: for $KNC , KyberSwap’s protocol revenue suddenly surged to $216,000 (24h), about 11.1 times the usual level.
Fees are votes cast by users with real money: fees this high mean more activity took place on KyberSwap that day. The key question is whether a few large holders were moving in and out intensively, or whether users were flocking in across the board. The former can come and go quickly; the latter is more likely to be sustained. Token down 6.04% over 24h.
#KNC
Fees are votes cast by users with real money: fees this high mean more activity took place on KyberSwap that day. The key question is whether a few large holders were moving in and out intensively, or whether users were flocking in across the board. The former can come and go quickly; the latter is more likely to be sustained. Token down 6.04% over 24h.
#KNC
