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The crypto market has fallen to sh*t — do you think it's just technical or macro risks?
No, in fact, behind this round of collapse, there is a deeper institutional fracture in the transparent market system.
The market is not just in a fall, but is being reshaped by an extremely transparent mechanism.
Those high-frequency trading, on-chain large orders, and MEV algorithms are devouring the space for signal arbitrage;
And this is precisely the core I want to analyze in "Consensus Decision Making vs. Populism: A Political Analysis of Decentralized Exchanges (DEX)": transparency does not equal fair freedom; rather, it may be the root cause of the market's self-disempowerment.
Links cannot be posted here, search for cospecto to read the full text.