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🔬 The perpetuals market dominates the overall derivatives trading in decentralised exchanges. This report looks into the landscape of decentralised perpetuals and Hyperliquid as a case study. 💡 Our key findings include: ✅ Trading volume of perpetual futures on DEXs was $1.4 trillion in the past year and $134 billion in the past month, according to Artemis. Based on the past three months’ data, Hyperliquid exceeded dYdX, taking the lead in the market with a 25% market share. ✅ Decentralised perpetual platforms differ by operating models: order book, AMM, and oracle pricing model, and major players run an order book model. The protocols are also deployed on various blockchains. The top players — Hyperliquid and dYdX — developed their own blockchains. ✅ Launched in late 2022, Hyperliquid saw a massive uptick in trading volume with a total of $34 billion in the past month (compared to $2 billion in the same time in 2023). Its unique features include an on-chain order book and matching engine, and its own L-1 that supports EVM. ✅ Hyperliquid was one of the pioneers in democratising market making by introducing protocol and user vaults. Its Hyperliquidity Provider (HLP) vault provides 10% to 15% APR in August, and has been generally higher than GMX in the past year. ✅ Fulcrom Finance is a decentralised perpetual exchange launched on Cronos, zkSync Era and Cronos zkEVM. Trades are supported by a multi-asset liquidity pool, Fulcrom Liquidity Pool (FLP). Users can choose to deposit any of the supported tokens in exchange for FLP and earn yields. ✅ We believe innovation and user experience remain as key factors in successful decentralised derivatives exchanges, which can bootstrap liquidity and, in turn, attract users.

The Weekly DeFi Update: 🚀 Ethereum on-chain stablecoin volume reaches all-time high 💲 USDC launches on Sui blockchain and is available in Brazil & Mexico 🪙 Sky launches new tokens SKY and USDS Full details 👇 https://lnkd.in/gbk29Ejn

𝗖𝗿𝘆𝗽𝘁𝗼 𝗰𝗼𝗺𝗲𝘀 𝘁𝗼 𝗣𝗮𝘆𝗽𝗮𝗹 In our latest collaboration with PayPal, Crypto.com users in the U.S. can seamlessly transfer funds from PayPal to Crypto.com to purchase the range of crypto tokens available in their market. This feature will soon be available in additional markets beyond the U.S.! Eligible Crypto.com users in these markets can now add their own PayPal account as an alternative payment method for crypto purchases, or to top up their Crypto.com Visa Card Crypto.com is committed to providing a comprehensive and convenient crypto experience that will provide our users safety and efficiency while engaging with crypto.

We’re proud to announce our latest milestone in global regulatory compliance and licensure. Crypto.com receives Payment Service Provider Licence from Central Bank of Bahrain More details 👉 https://lnkd.in/ga5VzNPv

It took just 14 years for crypto markets to ace traditional stock markets in active trading hours. Unlike stock exchanges, which typically operate within set hours, cryptocurrency markets run 24/7, providing continuous opportunities for investors and traders. This milestone not only reflects the rapid growth and increasing adoption of digital assets but also highlights the evolving nature of global finance. Exciting times ahead for the future of finance!

Tap-to-Earn with Crypto Games Telegram's crypto games have become a hit with many of the app’s users due to their easy access and fun community experiences. These mini-app games typically involve simple actions like tapping, swiping, or other tasks to earn crypto rewards. They use The Open Network (TON) blockchain, popular amongst crypto fans because it advocates speed and security. Combining TON with Telegram games opens up new possibilities for in-game economies and decentralised apps (dapps) in the TON ecosystem. This smooth integration lets game creators make more complex and interactive games while ensuring players can trust the value and safety of their earned crypto. How Telegram-Based Games Work Get started: To play, users need a Telegram account and to join the game's official channel or bot. Players can begin playing right away. Play: Most games involve easy tasks like tapping the screen, which the community calls ‘tap-to-earn’. As the name suggests, these games can be played by anyone, even those without gaming experience. Earn: Players earn in-game tokens, which they can often exchange for other cryptocurrencies. Top Games on the TON Chain Grand Combat goes beyond the basic clicker mechanic of many play-to-earn games by allowing players to ‘invest’ their points in various elements that generate passive income. The Rocky Rabbit motto is ‘Play, Earn, Mine’. Players take on the role of a determined rabbit character who must navigate through various obstacles and challenges. SnakeTON is an innovative survival GameFi project that combines the classic snake gameplay with modern blockchain technology Catizen is a Telegram-based play-to-earn game that immerses players in a whimsical world where they manage a cat colony. Yescoin: Yescoin is an engaging Telegram-based clicker game that allows players to earn cryptocurrency by swiping on their screen.