From the TVL trend of a certain DEX, it is currently approaching a peak level of 60%. Since the current ETH price is close to the price in 2021, we can still see some insights through the data, as well as where the market might go in the future:



On DEX, most on-chain native assets are traded against ETH. The year 2021 was a period of great prosperity for on-chain applications, with a wave of asset issuance bringing a large number of ETH trading pairs, which is clearly different from the current cycle.
ETH-1.87%
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RuntimeErrorvip
· 08-13 11:32
Only those who understand the Bear Market know how to issue coin. Those who truly have strength can issue coin.
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StablecoinArbitrageurvip
· 08-13 09:59
*adjusts glasses* interesting correlation but your tvl analysis lacks slippage consideration
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MEVHunterBearishvip
· 08-11 08:45
The Bear Market has hit 60%.
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