I would like to extend my heartfelt thanks for the amazing 7Y SWAG gift box! It’s not only a thoughtful gesture but also a great reminder of how far Binance has come in these seven years. The attention to detail in the gift box is truly appreciated, and it makes me feel more connected to the Binance community.
Grateful appreciation to Sam Sow and Sahib for their exceptional guidance and insightful instruction.
Thank you once again for this incredible gift and for making every milestone feel special.
Wishing Binance continued success and growth in the years ahead!
For years, crypto was priced on charts, hype, and narratives. BTC $BTC set the tone and everything else followed sentiment. The strongest signal now is onchain fundamentals.
DeFi is radically transparent. Revenues, fees, deposits - all visible in real time on-chain.
And often, these metrics move long before price does.
Key DeFi metrics to watch:
▪ TVL - how much capital users trust the protocol with. Not perfect, but a solid proxy for scale and confidence.
▪ Fees / Revenue / Holder Revenue - what users pay, what the protocol keeps, and what token holders actually earn. Critical for token valuation.
▪ Volume - real user activity. Market share matters more than absolute numbers.
▪ Open Interest - how much capital is truly committed to derivatives. A key signal for depth and resilience of perp platforms.
▪ Stablecoin Supply - net capital inflows into the ecosystem. One of the strongest leading indicators.
▪ App Revenue (Network GDP) - how much real economic activity a blockchain generates.
How to use this in practice:
▪ Look for consistent growth, not one-off spikes
▪ Track stocks + flows (TVL with revenue, OI with volume)
▪ Factor in unlocks and incentives - they often create price pressure
🔻 If deposits and revenues grow together, the project is truly scaling
🔻 If only activity grows, it may be artificially stimulated