X @Ignas | DeFi

I was really tempted to buy $UMA as Polymarket success should've pumped it.Yet $UMA trading below bear market lows.Why?Polymarket trades $1B USD monthly bets but less than 0.3% of outcomes go into disputes.UMA only matters when a dispute happens.So while Polymarket grows fast, UMA’s demand stays low. The success didn't translate into token value.Ironically, the lower the $UMA MC the higher the governance risk.With a $100M MC, it takes only a few % of token supply to effect a vote.There were already (reporte ...