jakiro
Author: Yue Xiaoyu; Source: X, @yuxiaoyu111
I have sorted out the top ten platforms in trading volume, and I can tap into many opportunities:
There are only four companies with transaction volumes exceeding 10 billion US dollars in the past seven days, among which Aster is the dividing line, and edgeX, Lighter, and Hyperliquid are also surpassed by Aster.
Aster’s full circulating market value is US$13 billion, and Hyperliquid’s full circulating market value is US$48 billion, which is below benchmarking,Lighter and edgeX, which have not yet issued coins, are definitely big projects.
The platform after Aster has basically traded below US$5 billion in the past seven days, which is considered the second echelon.Paradex and Pacifica are not issued yet.
If Lighter and edgeX are too rolled, consider sprinting under Paradex and Pacifica.
If you want to use these platforms, how to operate them specifically?
In order to reduce losses and position risks, the main operating idea is to hedge orders on two platforms at the same time, open short on high-priced platforms and open long on low-priced platforms.
The same targets on different platforms have price differences. For example, the price of BTC on Lighter is higher and the price of BTC on edgeX is lower. You can also place BTC short orders on Lighter and long orders on edgeX.
Here we will introduce the top 10 platforms for trading volume in detail. You can have a general understanding:
1. Hyperliquid: It truly realizes high performance and low cost. Hyperliquid is definitely the king of on-chain contract platforms.
2. Lighter: The largest contract exchange on Ethereum, with an invitation system. Currently, the off-market price of one point has reached $40, and many early big shots are in their hands.
3. edgeX: The real user content is extremely high, and the transaction volume of Japanese and Korean users accounts for more than 35%; Amber incubation has both technical capabilities and financial strength.
4. Aster: Binance Incubation, CZ Platform, Aster is the first contract exchange in the BNB ecosystem. Binance’s goal is to use Aster to play Hyperliquid.
5. Paradex: a cryptocurrency derivatives exchange launched on Starknet’s first application chain incubated by Paradigm, the top VC in the currency circle.
6. Orderly: Orderly is a multi-chain decentralized derivative infrastructure that provides the entire ecosystem with underlying liquidity and trading engines. More than 50 DEXs have been integrated.
7. ApeX Protocol: Perpetual contract DEX incubated by Bybit, StarkWare L2.Aster is supported by Binance. Will ApeX also explode with Bybit?
8. Drift: The biggest advantage of the Perp exchange on Solana is its perpetual contract collateral, with the highest APY on the entire network, which greatly improves the capital efficiency of the arbitrage portfolio.
9. Pacifica: The project formed by the COO of the FTX team has not been launched for a point plan, and the TGE time may be a little late.
10. Avantis: The largest Perp exchange on Base also supports RWA assets, which is equivalent to catching up with the popularity of on-chain contracts and RWA tracks.
Overall, the top ten platforms basically have luxurious team backgrounds, and more importantly, they occupy important ecological niches and receive strong support, such as Aster of BNB ecosystem, Lighter of Ethereum ecosystem, Drift of Solana ecosystem, etc.
Contract trading is definitely a cash bull business, and the trend of transferring from off-chain to on-chain will not stop. We must participate in this on-chain contract wave.
