MEMENEW PROJECTPERPSWEEKLY RECAP

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:

  1. 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.
  2. 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.
  3. 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.

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