Institutional capital keeps flowing in. That $14B inflow over the past month? Far from random—it's a clear pattern of sustained market participation. The efficiency gap between different DEX architectures is becoming harder to ignore. According to recent protocol updates, certain platforms can execute transactions over 100x faster than competitors. You notice it immediately during peak Asia trading hours—when volume surges, the spread dynamics between BTC and ETH tell the whole story. Tight spreads during high activity windows signal robust infrastructure handling the load. Meanwhile, HFT desks continue wiring capital, pushing volume deeper into the market. It's not just noise; the technical architecture backing these venues is finally matching the capital flowing through them. Watch the spreads tonight as markets heat up.