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Modular money. Crypto tokens pared back this week’s gains on Friday morning. Bitcoin and Ethereum both fell 2-3%. BONK's ridiculous breakout surge calmed Friday morning as well, staying relatively flat alongside SOL. It wasn't all yawns this AM, however, as investors capped off a bullish week for modular blockchain products and dapps with even more action.
Amid the slump in markets this week, Cosmos ecosystem DEXs have been a clear out-performer.
DEX volumes on Osmosis for the month of December are on-track to set a bear market high! To complement the increasing volumes, OSMO closed out the week up 70%. Volumes on Injective, a leading Cosmos perpetuals platform, have also pumped hard this month, reflected by the 76% increase in the price of INJ over the past seven days.
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