The article provides a detailed analysis of the latest developments in the DeFi and NFT space. It discusses the launch of HAI, a RAI fork with multi-collateral, pro governance, and optimism. The article also covers the dominance of GMX and dYdX in the DEX perps market and the emergence of Kwenta as a major challenger. In the NFT space, the article highlights the downward momentum in the NFT market, the capitulations indicating a possible local bottom, and the role of NFT leverage in maintaining NFT lending TVL at all-time highs.
Actionable Insights:
- Understand the Role of HAI in DeFi: The article provides a detailed overview of the launch of HAI, a RAI fork with multi-collateral, pro governance, and optimism. Understanding this can help in making informed decisions in the DeFi space.
- Consider the Dynamics of the DEX Perps Market: The article discusses the dominance of GMX and dYdX in the DEX perps market and the emergence of Kwenta as a major challenger. Keeping an eye on these developments and understanding their implications can provide valuable insights into the dynamics of DeFi markets.
- Evaluate the Downward Momentum in the NFT Market: The article highlights the downward momentum in the NFT market, the capitulations indicating a possible local bottom, and the role of NFT leverage in maintaining NFT lending TVL at all-time highs. Staying updated on these trends could provide valuable insights into the dynamics of the NFT market.
