Top 3 narratives of the past week 🫥

🟦AMMs. These are decentralized protocols that allow trading without an order book. Instead, liquidity pools are used.

UNI, CAKE, PENDLE, and WOO have grown significantly in the past week and are among the hottest trends. The launch of Unichain has strengthened Uniswap's position, and the growth of BNB helped CAKE add 70%.

🟦Trading bots. These automated programs make trades according to specified strategies without human intervention.

Over the past week, the leaders of the sector have shown impressive results. Photon and BullX earned more than $10 million in fees, overtaking Ethereum ($6.6 million). Trojan, Maestro, and GMGN brought in more than $3 million each.

🟦Perpetual contracts. These platforms allow trading perpetual contracts with leverage.

The top 5 tokens of perpetual futures trading platforms have shown growth in the week. The sector leader, HYPE, has gained more than 10% after several weeks of decline.