Learn the lesson: price is not market cap! A few things from this DeFi chart: • HYPE passed UNI's 2021 peak: $24.43B vs $22.59B. DeFi can still produce new winners while many OG tokens struggle to recover. • 10 of the 20 tokens peaked in market cap in 2021. UNI, AAVE, COMP... five years later and those highs still haven't been beaten. • MORPHO reached its price ATH of $4.17 in Jan 2025. Its MC went higher later as more tokens entered circulation, while buyers near the price ATH were still underwater. • Unlocks and emissions make 'getting back to ATH' harder. If circulating supply triples, reaching the old price requires 3x the old market cap. Disclaimer: Made with Chatgpt-6 Astra Ultra
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