Narrative
Hook: Significant liquidity migration observed in PAXG. What happened: Total value locked decreased from $5.60M to $4.54M, a drop of nearly 19%. Why it matters: Increased trading volume by 46% indicates a shift to deeper liquidity, which may enhance market efficiency. Receipts: TVL fell by $1.06M; 24-hour volume rose from $508K to $743K. How to verify: Check the current TVL and volume figures; monitor the number of active pools; assess the dispersion score for liquidity concentration.