A project hitting 700M in trading volume without any liquidations is worth noting. What makes this particularly interesting is the distribution across roughly 50,000 wallets—it shows how the underlying system actually scales when handling real volume.

When you stack that against the 4.7M in annualized revenue figures and the ~21M valuation metrics, you get a clearer picture of what sustainable growth looks like in this space. The zero liquidations across that volume level signals decent system design under pressure, not just hype-driven numbers.