what crypto is facing rn is simple: "is there actual demand for this?"
not theoretical demand from a whitepaper, real demand
and we are increasingly getting the answer by looking at who the winners are
In less than a week, top 10 Bybit trader @CryptoVikings07 turned $3,000 into nearly $13,000.
300%+ PNL in 7 days.
Track and copy every trade on Legend.
Variational just crossed $1B in OI and is now the n3 perpdex by open interest
Already 25% above lighter, and on track to flip aster soon
To me, this is clearly an n2 venue where people will actually trade. Technically not a perpdex but more of a decentralized brokerage, aggregating liquidity from everywhere (CEXes, hyperliquid, etc.) so you get the best fills
Trading BTC/ETH/HYPE is already cheaper on variational than anywhere else if you are not running 8-figure positions. 100+ RWA listings are coming, so points will only get harder to farm
Still 4-5 months left before points end
The best strategy for me has been 1-3 day DN holds for OI (avoiding BTC and ETH) and real trading. Wash trading does not work here, we are still pre-API and pre-OLP
Really suggest trying to get in before it's too late
access and max points boost: https://t.co/WInMkK3XPx
Proud to announce Polymarket's market integrity infrastructure flagged another trader who was arrested this morning in New York for insider trading.
With 2 out of 2 arrests in this industry resulting from our criminal referrals, Polymarket has emerged as the enforcement leader. Blockchain trading is transparent, traceable, and bad actors leave footprints
Hate to be the bearer of bad news but if you weren’t buying triple leveraged semiconductor ETFs last year then you’re part of the permanent underclass at this point