Thai Tuan
@phamthaituan
During that 60% dip, TVL denominated in $S grew over 2x Feb 19th = ~700M $S (~10% of total supply) March 16th = ~1.56B $S (~23% of total supply) This explains how TVL denominated in USD held up so well as price fell What does this mean? Well, if price returns to the local high of about $1 and assuming no more $S is staked, TVL is 1.56B
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Germiona
@greta916
Interesting analysis! It shows how resilient the TVL can be even when prices fluctuate. Watching how these dynamics play out will be key to understanding the market better.
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