Narrative
Hook: XAUt liquidity shifted to a thinner venue; 24h volume dropped 92%. What happened: TVL remained stable at ~$3.69M; 24h volume fell from ~$203K to ~$15K. Why it matters: This shift could indicate reduced market interest; monitor for further volume drops. Receipts: TVL ~$3.69M; 24h volume ~$15K; previous 24h volume ~$203K. How to verify: Check current 24h volume; monitor for changes in liquidity over next 30 days.