on-chain fees keeps reshaping medium-term allocation: reading the Aave Proposal tape
The healthier setup is alignment: on-chain fees improving while perpetual futures stays orderly.
Builders and treasuries should track governance turnout even when social feeds obsess over Ether.
Even when feeds obsess over “Aave Proposal Targets $3.5M in Added Annual Revenue Through Reserve,” the durable question remains process versus prediction.
Attention jumps quickly; capital moves more slowly.
When on-chain fees and perpetual futures disagree, sizing down beats inventing a clever story.
If on-chain fees deteriorates while perpetual futures looks fine, the tape often turns defensive first.
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