@kava Ecosystem and Growth: Using Four Public Indicators to Discern "True Activity" from "Foreign Selling"
Don't Be Drawn by the Trends
Four public indicators are sufficient: stablecoin volume, TVL (Bridged/Native), DEX trading volume, and net capital inflows
Stablecoins are like available purchasing power
Increasing TVL indicates a willingness to stay on-chain
TVL should be analyzed separately: externally driven increases, while local stagnation may indicate short-term activity driving the level
A simultaneous increase in both indicates true growth
DEX Trading volume is the heartbeat of activity.
Rising alongside stablecoins and TVL, the ecosystem is absorbing its energy.
Going it alone feels a bit futile.
Let's do another "path analysis."
Look at the ratio of new addresses to active addresses to completed multi-step interactions (e.g., deposits, loans, and trades).
A steadily increasing ratio indicates product understanding.
If you rush every time you launch an event, only to have a complete mess afterward, you're just running in vain.
My approach is foolish.
Plot these four indicators on a weekly chart, with two benchmark chains alongside.
Three weeks to see the trend, one quarter to see the direction.
What the outside world says doesn't matter; the numbers will tell you.
#KavaBNBChainSummer $KAVA
{future}(KAVAUSDT)

