The market sentiment has played a significant role, while the fundamentals have played a very small role.

Written by: Dao Says Blockchain

1. Bitcoin's accompanying mine DMT-NAT is worth analyzing and researching. It shares the same block, has the same computing power, and mines a block every 10 minutes, which can be understood as a small Bitcoin, solving the four-year halving subsidy for miners.

In the comment sections of many of my past articles, readers have mentioned the asset DMT-NAT.

I have looked into, researched, and even purchased this Bitcoin on-chain asset a long time ago, of course, I have my own opinions. But before April 27, 2026, I hardly replied to these comments, nor did I share my thoughts in detail; the reason is simple:

Not to mention how this asset itself is, many of these comments directly throw out opinions or simply quote a few definitions from the official white paper without sharing any of their own analysis, insights, understanding, or research. Such comments make it hard to see whether they are promoting something or sincerely hoping to discuss issues.

Only in the comment section of the article on April 23, 2026, did a reader share their understanding and thoughts on DMT-NAT in detail. The thoroughness of many arguments, clarity of viewpoints, and coherence of logic surprised and moved me greatly.

It is clear that this commenter has put thought into it; not only have they researched this asset seriously, but they have also read many of my past articles in detail and related, compared, and analyzed my various viewpoints with the characteristics of DMT-NAT.

Regarding such comments, regardless of whether I agree with their viewpoints, I feel it is essential to respond in detail and sincerely. I hope this reader continues to maintain this attitude and spirit of serious research and diligent inquiry for any issues they are interested in in the future.

So, on April 27, 2026, I wrote an article to share my views on DMT-NAT in detail.

If a reader truly wishes to understand an author's viewpoint on a certain matter and values that viewpoint, the minimum homework to do is to read their previous articles and see if any clues can be found within.

The article from April 27, 2026, is less than six months from today and can easily be found by just browsing through. If one really wants to know my viewpoint on DMT-NAT, it can be easily discovered in that article.

I place great importance on and pay attention to the views of Satoshi Nakamoto and Vitalik, and my method is also to frequently review their past statements and writings.

2. Right now, market sentiment is looking at 90,000 and 100,000 by the end of the year, but I see it as a bit dangerous.

I have now nearly blocked all news and posts related to market predictions; there aren’t many pieces of information that are nutritious or valuable.

The only function is to stimulate people's emotions.

We still need to return to whether we truly understand the assets we hold and whether we have formed a value judgment through long-term observation and serious research.

If a personal value judgment is established, one will not be led by market information or disturbed by market sentiment.

I have also noticed that in various news or interviews, the ones who most like to predict short-term market movements are usually those who say "buy today, sell tomorrow," "my account has exposed a floating loss today," and "my account has exposed a profit tomorrow."

How much value can such information hold for us?

3. Why can't Uniswap reach its historical peak of $42.5?

The reason Uniswap was able to reach such a high price, in my view, is that market sentiment played a significant role while the fundamentals played a very small role.

Later, when market sentiment receded and people began to pay attention to fundamentals, they found that, in terms of fundamentals and financial revenue, that peak price was indeed too high.

Not just Uniswap, among the classic top DeFi protocols, none that I pay attention to, such as AAVE, MakerDAO, and Compound, have exceeded their previously reached historical peaks up to now.