TSAR DEX

@themetaisok Half the market, one ticker.

Half of today’s Total OI for RWA Perps is made up of $SPCX

@yh_0x Discipline beats leverage.

My personal perps trading rules: 1. If I take a screenshot of profits/start to feel proud, I start to sell 2. Don’t sell or buy into a position all at once, space it out so I can increase my margin for error and not result in seller/buyer remorse 3. If the goal is to make money, react slowly. If the goal is to protect money, react quickly —> doing this reduces FOMO or becoming a bagholder Obeying all 3 rules means it’s quite hard to lose money, unless you somehow went with all these parameters and still lose, either you dk how valuations work or overleveraged or gambling (could be all 3)

@andyyy Liquidity consolidates around performance. The generic forks are mathematically doomed.

Power law in full force in the perps market. 3-4 winners in a highly competitive category, then the rest. You can see it in the numbers.

@JackiePlashkes Synthetics don’t care about share shortages. That’s why perps are eating the legacy world.

One thing that flew under the radar during the $SPCX IPO Bybit, Binance, and Bitget all pulled their tokenized SpaceX products on day one because of share shortages All of them were relying on xStocks to source the underlying shares Hyperliquid didn't have that problem and did $1.4B in $SPCX perp volume on IPO day alone, 1.7% of total SpaceX volume traded Bullish as hell for Hyperliquid. 50%+ off all the volume is coming from non-crypto markets. $HYPE will be $100+ easily before the end of the year with OpenAI and Anthropic going public

@arbitrum The tech is ready. The legacy world isn't.

From Perps and RWAs to AI agents and Prediction Markets, the future of finance is being built in the programmable economy today. Get in early.

@wizzyknows yep it was.

Has perps been my calling all along???

@KayTheDoc The rotation is real, but most of these newbies are going to get wrecked by lag and bad execution rather than their actual bias. Next-gen perps need to fix the infrastructure before the herd arrives.

all the chats are leaving memecoins for perps can’t wait till all the newbies taste the CZ special on perps

This is your last chance to jump into the early user cohort for the TSAR Perp DEX V1 Beta Launch. Join the community now to secure your OG role and unlock an exclusive point multiplier. discord.com/invite/tsardex

@0xNairolf Elon became the first trillionaire, and crypto degens took it as a personal challenge to trade his net worth in 24 hours lol. Perps meta is completely out of hand.

was convinced spcx perp volume would never beat the IPO days highs at this pace we might do it today already lol

@AlliumLabs turns out people want to trade stocks at 2am. who knew

When are equity perp traders most active onchain? Weekday after-hours volume ($34.8B) exceeded US market hours volume ($26.8B) in the last 30 days.

@5waps @TRDR_io Market still has work to do before it lets them win.

$BTC Chart 1: Based on Binance spot DOM; 55k - 70k remains the current range. Chart 2: The Binance retail perp L/S ratio [position data], is currently ~58% net long; this needs to fall for BTC to rise [inverse correlation]. ~80% of liquidity [bids/offers] are MMs.

@karazof03 Crying in the casino is the most honest crypto bio I've ever read.

ggs lost the funds of the last months. first paperhanded some perps + spot plays. gambled on a few memes. and lastly sent some funds to HL and did not check where i sent / withdraw my funds: now they are gone and i have to wait for the next paycheck :) crying in the casino

@resdegen @tradexyz 97% from one player and the market still calls it decentralized. interesting definition.

How would $HYPE be doing without @tradexyz? and how much of the valuation corresponds to them? • In HIP-3 (tradfi perps), TradeXYZ accounts for 97% of the volume and OI. • In HIP-1 (spot), they account for almost 100% of the volume and TVL. You could say "well, another player would have taken their spot!". But I don’t think that’s realistic given the huge disparity. Most likely, Hyperliquid would be far from being what it is today.

@blunatic_ngmi @pacifica_fi Solid stats. On-chain execution standards have upgraded heavily this year.

1st week of trading perps on @pacifica_fi has closed in a nice profit I did not share all my trades because I was busy, and I also did not trade every day because the setups I'm looking for were not there. I'll happily take 40% on my money every week.🫡

@c0rtex1100X It's the new meta. Capital wants yield and volume, and next-gen perps are the only place providing both right now.

hype etf just hit $172M while btc etfs bleed $5.6B capital rotating into perps infrastructure not spot exposure is this the new meta or are we overleveraging the rally #HYPE #crypto #ETF

@1saevv Markets never slept. the pricing infrastructure just pretended they did.

Billions of dollars are traded every weekend across perps, prediction markets, and tokenized assets. The funny part? Most of the pricing infrastructure behind these markets was never designed for a world that trades 24/7. If you think about it, it's actually pretty strange. Crypto never sleeps. Prediction markets never sleep. More and more assets are becoming available around the clock. Yet many of the benchmarks and pricing systems they rely on still come from traditional markets built around opening bells, closing bells, weekends, and holidays. That's the gap @PythNetwork is trying to close. Pyth just launched Pyth Indices, a new suite of 24/7 indices covering oil, metals, U.S. equities, and thematic baskets like AI10, Defense10, China10, and Tech100. The goal is simple: create pricing infrastructure that matches the reality of modern markets. And this isn't some roadmap or future vision. Coinbase has already launched thematic equity index futures powered by Pyth and MarketVector. Kraken is already using Pyth Indices for oil derivatives. dYdX already offers a perpetual market based on Pyth's 24/7 Oil Index. Nado uses continuous oil pricing across spot, margin, and perpetual products. The thematic baskets were also co-developed with MarketVector, VanEck's index business, whose benchmarks are tracked by more than $100B in investment products. We've spent years building 24/7 markets. Now we're building the infrastructure they actually need.

@iruletrenches Trading perps is the ultimate cure for FOMO. Missing the spot pump doesn't even matter if you can trade the strength later.

everyone will buy the doggo coin at they price they deserve I faded $wif from 5m all the way up to 400m+ and eventually submitted to its strength and traded it on perps and still printed 7figs $jotchua mode

@WaynesWorldza CEX distribution + DEX infrastructure is a combo neither side could build alone. makes sense when you think about it

Why would a CEX help a DEX when they compete for the same marketshare? Would it be of interest for the CEX to use the DEX for their own perps platform underneath with minimal maintenance and overhead while they own distribution and trust in the USA? Would it be of interest for the DEX to lean on the biggest pro-crypto CEX in the USA to meet regulatory standards? Interesting. Hyperliquid.

@T00TJE_T @aspecta_ai @Polymarket Hyperliquid printing ATH while everything else bleeds is the only signal you need about where perp DEX is in this cycle.

Lately I see a lot of price predictions floating around. $75 per point, $100 per point. Let's leave price aside for a moment and look at why Variational can become bigger than where it is today. Current state. @aspecta_ai pre-market sits around $700M FDV. @Polymarket consensus is roughly the same. On Perpetual Pulse, Variational is now ranked #3, sitting above Lighter. Lighter has higher 24h volume, but Variational has higher OI. On the RWA-specific leaderboard, Variational is #2 by OI dominance behind Hyperliquid, and that share is expected to grow as hundreds of additional RWA markets come online over the coming weeks. Whether we're in a bull or bear market three to six months from now (around the expected TGE window) is something nobody knows. What we can look at is sentiment around perps as a category. The elephant in the room is HYPE printing a new ATH while almost every other coin is down relative to BTC. Perp DEX tokens are the exception, not the rule. That's not a small signal. There are still multiple catalysts ahead for Variational. Phase 2 brings TradFi liquidity on-chain, which tightens spreads and pulls in a new class of traders. A buy-back wallet, which gives holders a real reason to stay positioned through and after launch. The trading API hasn't shipped yet either. Smart from a points perspective (rewards flow to real users instead of bots), but when it does go live, the revenue jump will be significant (they are well aware of that). And then there's Variational Pro, which has gone quiet. Curious if @variational_io has any updates on that front. Stack those catalysts together and the $100 per point predictions start looking less wild. But pre-markets aren't pricing them in yet. So the question is simple: is the norm wrong, or is the norm right? Pick your side. I'm continuing to use Omni. If you want the strongest setup available, my ref gives you instant Silver tier and a 15% point boost: omni.variational.io/?ref=OMNITOOTJ…

@sonixoxo196521 The line was always artificial anyway.

RWA and perp DEXs are blurring the line between real assets and trading markets, from stocks and gold to real estate. Canborsa sits right in that shift toward more composable finance.