Many are using this chart to prove Jevons Paradox is working. They should look closer at the pattern and read Heretic’s Guide Part III.

Prices had already fallen for some time when the big token demand lift happened. Tokenmaxxing and benchmarking are much better explanation than Jevons Paradox based on the timeline than prices of tokens falling.

In fact this chart may not show Jevons Paradox at all. And, if it does not, that is some massive benchmarking demand that is temporary and sending the wrong demand signal up and down the supply chain. Perhaps skipping a few cycles in the bullwhip effect.