Beyond TVL & Volume: Unlocking the Secrets of the Next Crypto Bullrun

The crypto market is shifting its focus from raw trading volume and total value locked (TVL) to a new metric that could predict the next bull run. Instead of simply counting the number of decentralized exchanges (DEXs), analysts are looking at how effectively these DEXs are used, highlighting chains with a few but highly active venues as potential breakout candidates. This shift is driven by the observation that volume concentration in a few efficient DEXs often signifies genuine user activity and real-world trading. .