Forget TVL & Volume – THIS DeFi Metric Could Predict the Next Bull Run



Everyone’s still chasing TVL and trading volume, but the real alpha?
-> Volume-to-DEX concentration.

Why? Because more DEXs ≠ stronger ecosystem. What matters:
- Few DEXs, massive volume -> Real users, real fees, real traction.

Who’s winning this game?

SUI: $15B+ monthly volume with just a few DEXs.

Avalanche: New DEX “Blackhole” dominating liquidity.

ENA / Hyperliquid: Rumored Hyena DEX could be a game changer.

📊 Last week: $114B DEX volume, 3rd highest in history, but heavily concentrated in a few venues. The chains that do more with less are where the smart money is going.

💡 Stop tracking noise. Watch where volume is focused. That’s where the next big winners will come from.

#DeFi # Crypto #SUI # AVAX #ENA # Bullrun2025
DEFI1.48%
WHY-1.75%
MORE-1.89%
SUI-0.6%
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