$10M+ in protocol revenue matters more than $10B in TVL.
@footballdotfun (now evolving into sport(dot)fun didn’t grow on emissions, points, or “narratives”. It grew on:
• Trading fees
• Paying users
• Real speculative demand
• Repeat behavior
That’s why the @base launch worked:
Memecoin energy + actual economic loop.
The result: Top-1 consumer app on Base.
And now it has its @legiondotcc moment.
Not a big fan of betting / degening in general, but revenue never lies – so paying attention to the upcoming raise.
NFA, DYOR.
https://twitter.com/stacy_muur/status/1998689407227035704

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Stories of getting rich overnight are always in the minority.

A Gen Z girl's diary of losing money in the crypto

Last night, an incident dubbed "the most absurd fat finger in DeFi history" caused a stir in the crypto community.

The protagonist of the story was an anonymous "big spender." Through the Aave DeFi lending protocol's app interface, he initiated a seemingly simple transaction: exchanging a staggering $50.43 million worth of USDT stablecoins for AAVE tokens.

How large was this transaction? Large enough to instantly "dry up" the liquidity of many smaller cryptocurrencies. Because AAVE tokens have limited trading depth, such a massive buy order directly triggered catastrophic slippage. Simply put, slippage...

$50 million gone in a single "confirm"! The most expensive accidental loss in DeFi history is born.

A crypto whale converted $50 million worth of USDT into AAVE tokens in a single transaction via the Aave interface, but due to extreme price slippage, the transaction only […].
The article, BlockTempo "Terrible! Whale Loses $50 Million on Aave Due to 'Extreme Price Slippage'," was originally published on BlockTempo, the most influential blockchain ABMedia media.