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 heightened activity and potential repositioning by traders. Receipts: 24-hour trading volume rose from $509K to $743K; active pool count remains at 2. How to verify: Check current total value locked; monitor trading volume trends; observe liquidity depth in the new venue.