Derivatives L1 with $27M TVL vs $830M market cap; 0.0062% fee capture needs 20×-50× growth to justify valuation. What is Injective? Layer-1 blockchain for decentralized derivatives (perpetual futures, order books, cross-chain

Move-based Layer-1 blockchain with $1.13B stablecoin liquidity in Bitcoin Season consolidation What is Sui? Move-based Layer-1 blockchain (originally Meta's Diem). $1.98B TVL with $1.13B stablecoins = real DeFi activity