The Silent Rig: Why DeFi Lending Markets Are Priced by Narrative, Not Supply and Demand
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Fear
Market Sentiment
Circulating supply increases by about 2%
Block reward halving event
Raises validator limit and account abstraction
Improves data availability sampling efficiency
92 million ARB released
Block reward reduced to 3.125 BTC
Team and early investor shares released
Independent validator client goes live on mainnet
Bitcoin Season