Missed out on quite a bit of ETH this round. On the secondary market, ENA and Sonic ($S) didn't outperform. This morning, the $PNUT I chased with Pear Village @shirleyusy did outperform, but the position wasn't enough, so I'm focusing on capturing alpha. Last time, after BN Alpha connected with the Sonic @SonicLabs ecosystem, I mentioned the ecosystem leader on the chain, $SHADOW @ShadowOnSonic. In the simplest terms, what are the current benefits and expectations for shadow: BN Alpha's money-spreading trading competition, contract expectations, income-sharing logic, and the expectation that staking data might also rise. - Benefit: BN Alpha's money-spreading trading competition. Increased trading volume will definitely drive the ecosystem, that's the first point. - Contract expectation: Good trading volume of BN Alpha tokens will lead to contract expectations, that's the second point. - Fundamentals: As the leading DEX, shadow carries over 50% of the on-chain trading volume. This means the public chain is alive and thriving, and the on-chain leader will definitely rise with the income-sharing logic. BN Alpha should also follow part of shadow's routing, which directly impacts the staking profit increase of the shadow x33 mechanism. - Further fundamental expectations: With the increase in staking profits, staking data might also rise. This on-chain DeFi flywheel has a much stronger logical support than Bera's.
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