Player vs Environment, or PVE, is a phrase used to describe euphoric trading conditions within the crypto markets. It is a counter to Player vs Player, which implies that the active liquidity in the market is much smaller and that every trader's win comes at the cost of another trader's loss. While there really is no such thing as true Player vs Environment, as markets require every winner to have a counterparty, the TRUMP memecoin launch was the closest thing the crypto market has seen to a “PVE” since the NFT frenzy in 2021. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io