A large portion of Xswap open interest will come from commodities, stocks, forex, and indices (with crypto at only ~5%).
It'll take time for that volume to migrate onchain, but when it does... onchain perp trading will never be the same.💦💦
memecoin 101
if you're seeing it on your time line, or the moment you start seeing it, you're the exit liquidity.
the real runners never show up on your timeline until it's at the top.