Narrative
Hook: Liquidity is shifting into deeper venues as trading volume spikes. What happened: A liquidity migration occurred with a slight TVL drop from $4.38M to $4.37M, while 24-hour volume surged 72% to $52K. Why it matters: This indicates increased trading activity and potential for better price execution, which can attract more participants. Receipts: TVL decreased by 0.2%; 24-hour volume increased from $30K to $52K; migration quality improved slightly. How to verify: Check TVL and volume metrics over the next few days; monitor the depth of liquidity in the new venue; observe trading patterns for ENA.