𝙂𝙤𝙫𝙚𝙧𝙣𝙖𝙣𝙘𝙚 𝙩𝙤𝙠𝙚𝙣𝙨 𝙖𝙧𝙚 𝙨𝙩𝙞𝙡𝙡 𝙤𝙣𝙚 𝙤𝙛 𝙩𝙝𝙚 𝙛𝙚𝙬 𝙨𝙚𝙘𝙩𝙤𝙧𝙨 𝙬𝙝𝙚𝙧𝙚 𝙙𝙚𝙫𝙚𝙡𝙤𝙥𝙢𝙚𝙣𝙩 𝙖𝙘𝙩𝙞𝙫𝙞𝙩𝙮 𝙩𝙚𝙡𝙡𝙨 𝙖 𝙘𝙡𝙚𝙖𝙧𝙚𝙧 𝙨𝙩𝙤𝙧𝙮 𝙩𝙝𝙖𝙣 𝙥𝙧𝙞𝙘𝙚 𝙖𝙘𝙩𝙞𝙤𝙣

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$RAD , $LUNC , and $ALCX all climbed in ranking this month, while Curve and Frax slipped despite remaining near the top overall.

I still think dev momentum matters more in governance than short-term market performance. These protocols live or die based on whether teams continue shipping, adjusting incentives, and maintaining ecosystem relevance over multi-year cycles.

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