< Recent DeFi Market Status.jpg > (Subheading: Emerging Powerhouses @MMTFinance and flyingtulip ) According to DeFiLlama, this time last year (October 2024), the DeFi TVL was about $8.5 billion, and now (October 2025) it has more than doubled to about $17.5 billion. ✅ Representative DEXs by chain from 2020 to 2022: Trader Joe on Avalanche (AVAX) SpookySwap on Fantom (FTM) QuickSwap on Polygon (MATIC) ✅ Representative DEXs by chain from 2023 to 2025: Injective Exchange on Injective Protocol (INJ) Pontem Network on Aptos (APT) MMT Finance on SUI flyingtulip on SONIC (S) [before official launch] LP, Staking, and Yield Farming have recently regained momentum. Among them, the most notable is undoubtedly @SuiNetwork's MMT. This is speculated to be the result of various influences such as the revival of the SUI ecosystem + DEX meta + airdrop meta + bid pads, etc. Personally, I feel that flyingtulip is also preparing something significant, so I keep following it. I personally extremely dislike tying up large amounts of money... (Reasons are) 1. In most cases, unstaking and unpooling do not allow for immediate withdrawal. 2. Difficult to cope with a down market. 3. Especially in the case of LP, there is a possibility of impermanent loss. 4. I am not quick-witted, making rapid responses impossible (the biggest reason). I am only doing relatively small amounts of staking and building up trading volume. That said, I view MMT Finance more favorably than flyingtulip for the following reasons: The combined synergy of MMT Finance + @WalrusProtocol + @Talus_Labs 1️⃣ Walrus – Risk Management & Data Provision Collateral Optimization: Automatically manages collateral ratios in staking/loan pools. Price Data Provision: Shares real-time price and volatility information. Effect: MMT Finance can utilize risk management and liquidation judgments → ensuring stability. 2️⃣ Talus – Liquidity & Trade Efficiency LP Status Monitoring: Analyzes liquidity pool balances, slippage, and trading volume. Trade Automation: Executes swaps/trades through optimized paths. Effect: MMT Finance maximizes liquidity efficiency and trading speed → enhancing user experience. By directly utilizing the data from Walrus and Talus, I hope that MMT Finance platform can integrate the advantages of each project and leverage the high-speed parallel processing of the Sui chain and the oracle/data sharing structure, thus gaining competitiveness. (The most curious thing is the movement after the snapshot... everyone will withdraw their money, right? I will too.)