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Market NewsDeXe Jumps 35% to a New Yearly High. One Wallet Controls Half the Supply.
DeXe (DEXE) hit a new yearly high today (+35% to $22.88) on a 218% volume surge to $260M. A single unlabeled Ethereum wallet holds 50.22% of total supply ($1.1B), the Gini score is 0.9989, total holders number only 3,525, DeFiLlama shows zero TVL, Token Terminal shows no revenue, and the GitHub repository has had no commits in two years. The fundamental picture diverges sharply from the price action.
Jun 23, 20265 min
#DAO Governance#DeFi red flags#DEXE
Market NewsECB Finds DeFi Governance Dangerously Concentrated, Challenging MiCA
The European Central Bank has released a working paper showing that DeFi governance in four major protocols is far more centralized than their DAO branding suggests, with direct implications for EU regulatory oversight under MiCA.
Mar 28, 20265 min
#DAO Governance#DeFi#ECB