2025-12-26 12:21:55

A major decentralized derivatives protocol is handling $3 billion in daily perpetuals volume while eliminating gas fees per transaction. Recent on-chain metrics show a positive flip in cumulative delta volume last week, signaling genuine directional accumulation rather than algorithmic trading noise. The native token at $25 is capturing validator fee distributions from roughly $220 million in annual liquidation revenue. Meanwhile, most other decentralized perps platforms have collapsed or faded away attempting to build similar infrastructure.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

16 Likes

Reward
16
7
Repost
Share

Comment

0/400

GateUser-ccc36bc5

· 35m ago

300 million daily trading volume in JPY, zero gas fees — this is truly a killer app.

View OriginalReply0

MysteryBoxOpener

· 12-26 12:49

Daily average trading volume of 3 billion with zero gas fees? This is the real perp killer, how are other platforms surviving?

View OriginalReply0

Whale_Whisperer

· 12-26 12:48

300 million daily trading volume with zero gas fees—that's the real blow to the competition.

View OriginalReply0

NFTFreezer

· 12-26 12:38

300 million in daily trading volume isn't a big deal; the key is surviving until now without dying, and that's winning.

View OriginalReply0

TopEscapeArtist

· 12-26 12:36

Hmm... Watching the positive reversal of the cumulative delta is indeed interesting, but we need to be cautious about whether this is just another false signal from an emotional indicator. $3B daily trading volume sounds impressive, but I'm more concerned about whether this $25 token can hold the technical support level. Don't let it be another high-level accumulation trap. As for the $220M liquidation fee distribution... it sounds tempting, but they've said the same thing before all-time highs, and what happened? It all collapsed. We need to see if the head and shoulders pattern has formed and how to set the stop-loss level.

View OriginalReply0

GasFeeNightmare

· 12-26 12:30

Wow, $220M liquidation fee dividend, this is true value capture.

View OriginalReply0