X @Ignas | DeFi

Tokens are trading at massive discounts on secondary markets right now.Good reporting by The Block.- Average discount is 40-50%.- Long vesting schedules (3+ years) trade at 60-70%+ discounts..- Gaming tokens are the worst at ~80% discounts.Main reason is $500M-$1B in tokens unlocking every week but demand is weak and capital rotating to AI.Plus, equity is replacing tokens.On SecondLane (a marketplace for crypto secondaries), 40% of interest is now equity and it dominates deals above $2M.More investors want ...