I’m not a Moon-moonboy, but comparing its daily volume to some other smaller coins has me fairly bullish for the long term

First off, I’m going to make it clear that I’m not one of these unfortunate hopium junkies who think any positive indicator or piece of bullish news can negate the fact that the global economy is in a recession that most likely hasn’t found a bottom yet. I don’t have Bitcoin symbols in my eyes, we’ve seen possibly the best kind of bear market pump you could reasonably ask for in the last couple weeks, but I’m under no delusions that our local coin is doing 10x next week, or next month.

But that said, I’ve been exploring the DeFi landscape on a few different chains and it struck me as interesting to compare the tokenomics to some of the DeFi platform coins I’ve come across, specifically volume.

So for those who aren’t as familiar with how DeFi platforms work, they all have their own coins in which most if not all liquidity pools on the platform pay out their yields. So if you want to do anything other than accumulate those coins, or if you just want to invest in them, you’re going to need to trade it. That’s built in garaunteed volume not only when it’s bought or sold but when anyone even uses the thing.

Of course, this would give it an increased volume above what it would be if it was a similarly popular coin that you can only buy and sell. So I was going back over the tokenomics of a few of these defi coins today, after watching moons to trade that spike and the inevitable fall, and I realized the volume dwarfs that of a lot of these defi platforms.

Even now that it’s just a fraction of it was a couple days go, the interest in moons is enough to give it a daily volume comparable to the coins of the biggest DeFi platform on Algorand, much greater than smaller platforms on algo as well as any on Tezos, and although Osmosis’ still dwarfs it, it’s even starting to rival entire DeFi projects on the Cosmos chain, even though you really can’t use moons to do much yet.

I just found that interesting. I’m not about to sell literally anything to buy more of them or anything, but (although I absolutely took profits on that last pump) I’m probably not selling most of mine until the next bull market either.