2026-01-17 10:21:03

Here's an interesting observation:

Provenance, this long-established public chain, has recently gained popularity. Data shows that in the past month, on-chain TVL surged by 192%, directly reaching $900 million, ranking in the top 13 public chains worldwide. This achievement is only behind Sui Network's $1.04 billion.

The question is—are these TVL fluctuations genuine on-chain liquidity concentration explosions, or are they inflated due to data reporting discrepancies? Honestly, I’m not entirely sure.

Looking at the latest on-chain interaction data, there are some peculiar points worth pondering. Are large holders quietly building positions, or is the market just hyping up the concept? Only continued market observation can confirm.

SUI-1,71%

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SmartContractPlumber

· 01-17 10:49

A 192% increase, that number sounds a bit suspicious. Remember the "miracle" of a certain public chain's TVL at the beginning of the year, which was eventually exposed as double-counting due to overlapping measurement criteria and was immediately discredited. I'm more concerned about whether the contract permission logic behind Provenance this time has issues. Overstated data is at worst embarrassing, but if the permission control is as sloppy as a sieve, that would be truly disastrous.

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SchrödingersNode

· 01-17 10:49

Provenance's recent surge is unbelievable, soaring 192% directly? I feel like it's a bit outrageous... Is the true liquidity still just data magic? Is the big player quietly making a fortune or is the market collectively going crazy? That's the key. Keep observing, anyway I can't see through it. 9 billion rushing into the top 13, but it might drop back in the next second—that's the crypto world, brother. Data can lie, but money doesn't. The question is, where is the money right now? I usually stay away from such explosive rises; the smell of hot potatoes is too strong.

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OldLeekMaster

· 01-17 10:49

That's a bit outrageous, a 192% increase. You should take a closer look at this data.

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CryptoHistoryClass

· 01-17 10:46

ngl, this tvl spike reeks of 2017 all over again. we've seen this exact movie before—numbers go brrrr, everyone loses their minds, then the filing cabinets get audited and... surprise, it was mostly double-counting. statistically speaking, that's how the dot-com bubble started too.

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TokenomicsDetective

· 01-17 10:25

Provenance's recent surge is incredible, soaring by 192% directly, but it feels a bit fake... Once the data parameters are adjusted, you can really make anything sound impressive.

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AirdropHunterWang

· 01-17 10:24

A 192% increase is so huge; could it be another data trick?

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