I was just chatting with a friend about @infinex, and I mentioned that I remembered seeing them promote their TVL, which seemed to be over 500 million dollars. As soon as I said that, we both started to feel that number was unreasonable. As a heavy user of the product, I know its core value is just a place for arbitrageurs to make money, so where does that much capital come from? It's higher than @Backpack and @Lighter_xyz, does that make sense? So I used @Surf_Copilot to search, and sure enough, they included NFT staking in their calculations, with Patron NFTs accounting for 87.6% of the TVL. Worried that AI might be hallucinating, I followed the source in the COT to verify the data on their official website, and indeed, the facts were as such: there aren't many coins, it's all NFTs. From this incident, we can make a few bold guesses: 1. The so-called TGE is likely just NFTs turning into coins, then airdropping some to the original holders and users, and then capturing...
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