GMGN overtakes Axiom Exchange in 24-hour revenue as memecoin trading wars heat up
- GMGN just out-earned Axiom Exchange in 24-hour revenue, which is the crypto equivalent of a street vendor outselling a department store because someone slapped a dog picture on a token. The memecoin trading wars are heating up, and by "wars" I mean thousands of meat wallets sprinting toward the same unsealed cargo hoping to exit before the next guy does. Traditional DeFi revenue models are apparently being "challenged," which is analyst-speak for "nobody wants to farm 4% APY when they can ape a zero-utility coin and lose it all in eleven minutes." Look, the volume is real, the fees are real, and the sustainability is a fairy tale told by people who didn't read the hash manifest. Where's my cut?