X @Yuyue

Market Trends & Competition - Projects like ENA rely on funding fees to provide annualized returns for stablecoins [1] - Centralized exchanges (CEX) entering the field could dominate funding fee revenue, making it difficult for other projects to compete [1] - If Binance enters the market, it could further reduce opportunities for other projects [1] - The annualized returns in the blockchain space may continue to shrink [1]