On-chain forex never took off because it's not real FX. It's just oracle-priced USDC perps.

Закрепи.sender (@heartysender), Apr 25, 2026, 13:03 UTC

On-chain forex never took off because it's not real FX. It's just oracle-priced USDC perps. The real blocker? The asset primitive gap: $320B USD stables vs only $1.2B non-USD stables (0.4%). No deep EUR/JPY lending markets = no true currency positions, only price bets. Full breakdown ⤵️ https://defiprime.com/onchain-forex-asset-primitive-gap

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