Is the bull run here or are we seeing a peak signal? Last month, there was again a large-scale financing phenomenon.

In October this year, the total financing amount in the Web3 industry reached a historic second-high record of 3.877 billion dollars, with Polymarket, Tempo, and Kalshi receiving 2 billion, 500 million, and 300 million dollars in financing respectively, accounting for over 70% of the total monthly financing.

The last highest record was over $7 billion in November 2021, but looking at the market, it plummeted heavily for a year after October 2021! 😅 I hope it's not a coincidence. 🤣