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The Hype-Based DAT Trade is Gone: Chris Miglinion of DNA

The Defiant - DeFi, Web3 & NFT InsightsNovember 19, 2025242 views50:49

Description

The phase of listing DATs without clear business model is ending, says Chris Miglinion. Next-gen DATs will be real operating companies, filing directly to Nasdaq with clean cap tables, token-aligned boards, and actual revenue. The alpha in the “fast listing trade” is getting squeezed. The professionalization phase is coming. Watch the full video at https://x.com/DefiantNews #TheDefiant​ #DeFi​ #decentralized ​ #Finance​ #Blockchain #Web3

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