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DeFi

DeFi mechanisms tested against their own claims: yields, incentives, and where the value actually accrues.

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Mar 15, 2026

Apps Eat the Stack: Why L2 Tokens Keep Underperforming

Layer 2 networks process five times Ethereum's transaction volume. Their tokens have lost 80-90% of their value. The value is migrating to applications, and the market is only just starting to price it.

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