As a refresher, a perpetual contract is a special type of futures contract (futures are a contract between...two parties to buy or sell an underlying asset at a specific date for a predetermined price in the future...As you can see below, BitMEX’s market share of total Bitcoin Futures Volume and Open Interest has fallen...

The New Kid on Perp Street MCDEX is an on-chain platform to trade futures and derivatives....MCDEX’s volume on Arbitrum was primarily ETH, but BSC traders traded more notional volume on the ETH perp...There’s been a fair amount of volume for BTC perps as well.

Perpetual futures continue to be crypto’s most popular financial instrument....It’s clearly evident that perpetual futures are incredibly important for crypto — and now they’re making...That report highlighted projects building out perpetual futures and discussed how their designs differed...mainnet in the near future.

...this level of traction into perspective, Perpetual Protocol is currently the largest decentralized perps...Over the past 30 days, Perp Protocol ranks 7th in protocol earnings as seen below, according to data...Since it launched in December, Perp Protocol has facilitated $20B in total trading volume and generated...

The Future of ETH’s Liquid Staking Protocols Before exploring projections, it is important to consider...smaller deviation from the actual issuance amount, the model will later utilize this value to calculate future...points, we formed a model of how ETH supply, LSD dominance, and staked ETH yields will look in the future...

...members enjoy exclusive access to the RAW DAO private Discord channel and receive priority access to future...The Future of NFT Photography Post-Photography Trend There has been $50M worth of NFT photo sales since...

They all tie into each other and will be vital to the future of on-chain liquidity....Labs following UniswapX’s launch, with plans to make the quoting system fully permissionless in the future...While Aori doesn’t have a token, there is a possibility of them releasing it in the future.

This lack of transferability would only be temporary, and at a certain point in the future they could...

Overview Perpetual Protocol is a decentralized futures AMM that support leverage The first products...If not, the insurance fund and $PERP holders will backstop this loss. ...to pay out losses     $PERP Token  Staking token to access network fees  Staking rewards $PERP locked...The weight parameters for the $PERP token LBP is not set currently.

Bull Case Our bull scenario sees DEXs finally overtake CEXs in total futures volume in 2027....This scenario holds the total futures volume (CEX+DEX) constant, meaning DEX volume is a result of CEX...Perps v3 is essentially Perps v2 deployed on Synthetix v3....In the future, the sequencer can be decentralized to up to 5 nodes, elected by Vertex governance.

For example, someone shorting a DeFi token on a decentralized perp exchange will not count as an ERC-...BRC-20s Into the Future If we use the growth of ERC-20s as a model for BRC-20s, we can make some interesting...speculation-based metrics could give this model unrealistic expectations regarding how BRC-20s will behave in the future...

If so, they will significantly shift downward in the future....Considering Taproot, Taro, Lightning, the African market, and — far in the future — the potential for...zk-rollups on Bitcoin, the future seems bright.

Introduction Crypto derivatives refer to financial contracts, such as futures and options, that derive...There are many derivatives that exist today, but in this report, we will focus on perpetual futures,...In fact, during the peak of the last bull market in Q3 2021, perpetual futures saw over $13T in volume...

Comeback [January 2022] [Excerpt from our Monthly Chartbook] When it comes to decentralized perpetuals (“perps...For more detail on the state of defi perps, see our latest monthly chartbook.

But over the past week, we’ve seen some interesting data from the futures market....For a few hours, the basis on one month futures exceeded that of the three month futures....Finally Outperforms the Chaff For the last major part of this rally (Jan. 2021 – May. 2021), FTX’s SHIT PERP...However, over the last few weeks, the DEFI PERP is back in business.

Of course, the past does not necessarily predict the future....Now, Bitcoin has entered the mainstream, macro events impact it, regulators grapple with it, and the future...That is where this report will focus — on Bitcoin’s future....These three factors make it hard to assess the historical and future effect of the halvenings on Bitcoin...

One of my favorite places to look for promising projects and teams building the future of crypto are...highlighting a few projects I found interesting as well as touch on what role I think they play in the future...main factors – DXD staked, REP (Reputation which can only be earned and not purchased) balance and Future...

The Future of Fashion: Three Megatrends An early wave of consumer interest in fashion NFTs has hit us...But this is a drop in the ocean compared to its potential future, underpinned by three megatrends today...As more of our time is spent online, our digital identities will only become more important in the future...

...inclusion not always being guaranteed and where in the block you get placed, is what plagues Solana L1 perp...Because even if Solana’s next generation perp DEXs, Bullet and Bulk, don’t compete with the likes of...For now, I will just use the two main Solana perp exchanges as proxies.

DeFi Perp Tokens The DYDX token has come out strong since it’s launch on September 8th, reaching a current...With the goal posts set so high now, other Perp protocol tokens have taken the opportunity to stretch...