Finally, let's talk about derivatives in the DeFi space. Don't buy $GMX , and definitely don't buy $DYDX . Many people feel that they have hit the bottom and can't help but try to catch the bottom. This kind of coin may indeed be at the bottom, but for projects that have recently set new lows, definitely avoid them; they won't rise much. Your funds have become the exit liquidity for VC, founders, and arbitrageurs. Even if dYdX increases its buyback intensity from 25% of revenue to 50%, it won't be able to turn the situation around. The hardest in the DeFi space is still $AAVE .