As a quant analyst with 5 years in DeFi, I’ve watched the market twist through on-chain data—and what you see isn’t what’s happening. Today’s AirSwap (AST) price swings, volume spikes, and gas fee anomalies point to a deep behavioral disconnect between on-chain activity and fundamental value. My models show this isn’t noise—it’s signal. If you’re not measuring the true pressure, you’re missing the arbitrage window. Here’s how the market really thinks.