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.

King Were in 2024 Where Crypto Perps Equity Perps Are Analyst, Delphi Digital Trevor King...Equity perps today look like crypto perps in 2024....The same is likely to happen with equity perps....froze markets today and assume no innovation, the picture is pretty dire but I think if this is the future...

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.

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...

...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...standpoint, this is particularly significant given the fact that other competitors such as MCDEX and Futureswap...

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...Funding rates can be positive or negative and increase as the price of the futures contract diverges...

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.

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.

...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.

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...

The Curious Case of Bitcoin Futures BTC seems to be stuck in an everlasting range, with no trend in...But over the past week, we’ve seen some interesting data from the futures market....Annualized basis on Deribit’s one month BTC futures turned negative last week, but they quickly shot...

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...Beneficiaries from this narrative include newer protocols like TCR (TracerDAO) and FST (Futureswap).

...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...

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...

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...

In the past two years, futures have become an influential force on BTC’s price discovery....The vast majority of futures open interest was margined by actual BTC as collateral....important implication of this is that longs don’t have the added boost of holding both spot BTC and BTC futures...

...the current month’s futures contract....futures for the upcoming month (i.e. sell Oct. ’21 futures to buy Nov. ’21 equivalents)....For example, CME BTC futures for Oct. are trading at $64,560 at the time of this writing while Nov. futures...and buying Nov. futures – it would incur a ~0.97% cost; and that’s just the cost of rolling futures...

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...