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If You Want To Become Rich in Next Bullrun Keep Eye on These Coins🐂
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Top 10 decentralized perp dexes by trading volume over the last 30 days. #dYdX $DYDX - $17.3B #HMX $HMX - $2.16B #Kwenta $KWENTA - $1.84B #Vertex - $1.79B #ApolloX $APX - $1.51B #GMX $GMX - $1.49B #GainsNetwork $GNX - $1.2B #Polynomial - $971M #PerpetualProtocol $PERP - $606M #MUXProtocol $MUX - $596M https://twitter.com/CryptoRank_io/status/1707020686835736905
>HMX did 3x already from its public sale of $3.5 shouldn't now early buyers dump?
FET and INJ are definitely top crypto to keep an eye on. It seems FET even had a good price action after its recent collaboration OCEAN. I'm keeping my eye on HMX and BUMP this week. HMX did 3x already from its public sale of $3.5, and more traders continue to use the platform while BUMP is having a good CEX listing on the 17th (Bitmart) and the Bumper protocol is launching in less than 3 weeks too.
DeFi exists already. But It will take time to replace TradFi. I have seen interesting innovations that show its future really looks good. For example, you could trade crypto, forex, equity, and commodity with up to 1000x leverage on HMX: a protocol on Arbitrum. Bumper also enables investors to protect the value of their assets against price drops. It is the options alternative. This is not to say everything is smooth because there are a few pain points that need quick resolution. Security is the major factor that I think limits people from participating in the decentralized space. Some people just stick with CeFi. Liquidity is another bottleneck that requires significant improvement. Although it's interesting to see aggregators such as FluidAI and RocketX exchange building a solid platform that delivers the best execution for traders. DeFi will surely get there.
There are actually several margin/perpetual dexes in the space. Maybe they aren't yet known, but HMX & OPX are quite solid in that niche. I read HMX did $250M in trading volume during its beta. Innovation is a thing which will continue in this market. Even liquidity aggregators like FluidAI also have futures & options trading as part of their product where users will be able to trade large blocks anonymously using RFQ technology. > Yes offloading money is one thing, but should DeFi have a solution for that as well? Yeah, I believe an off-ramp should be possible in DeFi. There can be integration with a 3rd party service.
My crypto income portfolio right now: On Arb: ~75% in 3x neutral GLP vault on Steadefi ~10% staked GRAIL ~5% staked PENDLE On BSC: ~10% stake THE Once HMX launches their HLP surge I'm going to transfer half the GLP from Steadefi over to that.