Nova (NOVA)

Nova (subnet 68) flying right now.

AI pharmamolecule hunting: https://t.co/B1oVBA31rV

Supernova metrics have really tanked since launch.

After a successful start and TVL at $50m+, TVL is now sitting at $29M and the $NOVA token is down 43% over 24 hours.

I fully expected the initial hype to be shorter than Blackhole, given it’s a similar launch style and almost identical model, but definitely surprised to see these numbers within a week from launch.

Keeping it objective as always, big fan of the platform but curious as to how this will stabilize and ultimately when it will stabilize, as people are getting eaten alive on impermanent loss, causing them to take money off of the LPs.