CryptoCondom|Oct 19, 2025 10:11
Samuel Clemens noted there were lies, damn lies & statistics. I have nothing against @DriftProtocol but Cindy's post is a chart crime + a fallacious conclusion about "TRUST" so I have to speak up.
First, USD inflow is a misleading metric to look at vs percent change of perp TVL given the size discrepancy in projects. Second, ALL of these projects saw notable TVL decline in perp volume after Black Friday.
Yes, @Lighter_xyz + @DriftProtocol are good projects...but their results are skewed due to token reward farming where @HyperliquidX has none and therefore a higher attrition rate is expected for people liquidated during the Black Friday carnage. 🍌
Data courtesy of @DefiLlama(CryptoCondom)
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