@Lucascryptoq Feels less like accumulation and more like borrowed conviction.
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TSAR DEX
269 posts
TSAR DEX
@TSAR_DEX
New standard for next-gen perps trading, powered by efficient execution & deep liquidity. Early access soon 👀
Tham gia Mart 2026
2 Đang theo dõi1.3K Người theo dõi
$BTC
We're starting to see the same spot and perp volume imbalance we saw in the run up to $83K.
We all know how that move ended. A 30% correction back to the lows.
At this stage, spot volume is essentially hitting cycle lows while perp volume carries the rally.
So there's no question that most of this move has been driven by leverage buying, as opposed to an imbalance in spot accumulation.
If we don't see spot volume play catch up, there's very little doubt in my mind we'll eventually see a similar outcome.
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@CryptoWendyO @binance SpaceX perps being binance's #2 product shows how fast equity perps scaled once liquidity showed up
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@thedefiedge tokenized spot vs perps is basically the same split as ETFs vs futures back in the day, just compressed into weeks instead of years
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The SpaceX IPO is the hottest listing in years.
The best part is you can get access onchain.
Trade it 24/7, long or short, with leverage your broker won't give you.
Here's where to do it:
#1 Synthetic perps
This is for leverage, shorting and 24/7 speculation. You're not owning SpaceX shares. You're trading a contract that tracks the price.
• @HyperliquidX is the main venue right now. $SPCX has become one of the biggest HIP-3 markets and even crossed $2B+ 24H volume.
• • @Aster_DEX has stock perps with high leverage. Currently doing around ~$26.4M 24H volume and ~$3.08M OI on SPCX
• @Lighter_xyz is the ZK perp DEX w/ fast execution and growing equity perp support. ~$35.5M 24H vol with ~$11.1M OI and ~0.039% spread on SPCX
• @StandX_Official lets traders use yield-bearing DUSD as margin while trading perps.
• @extendedapp has been pushing pre-IPO & equity perps with a CEX-like trading experience on @Starknet.
• @PhoenixTrade is the @solana perp w/ low fees, fast execution and fully onchain equity / RWA perps.
• @nadoHQ is building a CLOB-style venue for spot + perps, with the • @inkonchain ecosystem.
#2 Tokenized Spot exposure
If you don't want leverage, here are a few options:
• @OndoFinance has $SPCXon w/ 1:1 SPCX Shares Per Token, available on Eth, BNB Chain, and Solana.
• @Backpack has tokenized $SPCX built around 1:1 backed equity exposure, with Solana-native trading.
• @xStocksFi has $SPCXX, a tracker certificate token that follows SpaceX stock price across Solana and EVM chains.
• @PreStocks is more focused on private / pre-IPO exposure.
Now here's what you're actually trading.
$SPCX is sitting at a massive $2.5T FDV with only ~4.2% of shares actually floating right now.
Massive brand, tiny float, insane attention, and unlocks sitting in the background. Retail's probably going to treat this like a memecoin until more supply opens up.
The bigger story isn't just SpaceX. Every hyped IPO after this probably gets traded the same way.
Some people will use perps for leverage and shorting. Others will use tokenized spot for cleaner exposure.
Both come with their own risks, but the demand is clearly there.
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@mikealfred watching the smartest trade in the room get explained for free is rare ngl
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short SPCX / long BTC probably prints over the coming quarters. Watch and learn how value arbitrage works at massive scale.
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@GrowWithPassive @HyperliquidX @Lighter_xyz Turning static TradFi assets into high-velocity perp collateral is how DeFi finally drains the legacy pool.
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The power of @HyperliquidX and @Lighter_xyz , and some other perps, its their ability to capitalize on tradfi assets.
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perps are the only successful thing since memes
Xave Meegan@0xave
Some of the largest crypto funds have raised huge amounts recently, e.g. @a16zcrypto ($2.2b), @HaunVentures ($1b), @dragonfly ($650m) and @variantfund ($222m) - where most of the theses are consensus and related to AI agents using crypto rails. The problem is, so far in 2026 we have hardly seen any valuable agent-driven crypto use-cases. We are at historic lows at pre-seed and seed stage in crypto venture right now. I think a lot of this comes down to the fact that most net-new potential innovation in crypto is at the crypto x AI intersection, but very little value has been created so far from early experimentation. Infra needs to be built, but to be successful, teams are now competing against incumbents with large distribution for the first time, making it harder than ever. Middleware is now too easy for other competitors and/or buyers to replicate. Applications are working out what settlement layer will win, what standard will win and what business model makes sense in an agent-driven world - all of which are very early. We’re also early in understanding the AI problem itself and why crypto is a relevant solution. I think @Tempo will be a great success but it’s still built with incentives of private companies in mind. There could be limitations to what agents on Tempo can do. We saw for the first time last week what censorship in AI looks like. We don’t really know the full ramifications yet and likely will not know for the next 6 months how AI will be governed by centralised forces. 2026 has been a tough year for crypto startups. It happens to coincide with a crypto bear market. I think a lot of this comes down to macro and timing / understanding of the AI problem itself and why crypto matters to solve it. However, there are great early signs of crypto x AI working. In particular, the traction that we have seen in decentralised training (e.g. @PrimeIntellect, @Pluralis) and harnesses (e.g. @NousResearch) is very real. There is a real case for truly ‘Open AI’ to extend beyond just these use-cases in future. Whilst timing has not been perfect yet for crypto x AI, I am very bullish on timing of crypto x AI going into 2027. I strongly believe it is only a matter of time.
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$BTC
We're starting to see the same spot and perp volume imbalance we saw in the run up to $83K.
We all know how that move ended. A 30% correction back to the lows.
At this stage, spot volume is essentially hitting cycle lows while perp volume carries the rally.
So there's no question that most of this move has been driven by leverage buying, as opposed to an imbalance in spot accumulation.
If we don't see spot volume play catch up, there's very little doubt in my mind we'll eventually see a similar outcome.
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@notputsandcalls $LIT bulls really running the "efficiency > size" playbook here.
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mathematically $LIT can buyback and burn more supply than $HYPE ever could imagine and afford
instead of investing in a CEX disguised as a dex, you can own the premier perp dex built on $ETH in the lighter protocol
Lighter could realistically double, triple, quadruple the foundations money over hyperliquid thanks to market conditions
you don't have to be first, you have to be the BEST
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@NumbersKisslin1 Perps, RWAs, etc on Bitcoin would've sounded illegal a few years ago.
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Q2 2026 Grants are open for projects building Bitcoin-native finance on Stacks, covering DeFi, perps, RWAs, apps, and privacy. Applications close June 26. This funding opportunity aims to boost innovative crypto solutions. Are you ready to contribute to crypto evolution? #Crypto
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@isabellgeller The interesting part isn't accessibility, it's how fast the gap between markets is disappearing.
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The line between traditional markets and crypto keeps getting thinner.
Tokenized assets and onchain perps are making finance more accessible than ever.
Canborsa is one of the projects I'm watching in this space
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@Dominikz177 The hardest part isn't spotting the trend, it's picking who captures the flow.
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@kryptomokus Perps quietly became one of the few sectors where usage and token performance still talk to each other.
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Lighter bought back 6% of the circulating supply.
$LIT trades now at 1.85$
If perps will play out, I think there is a world, where al of the mature perp dexes have a chance to gain a ton of traction.
Perp summer
Lighter@Lighter_xyz
Since TGE, the Lighter protocol has programmatically bought back 15MM $LIT tokens, representing 6% of the circulating supply.
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A perp DEX token nobody outside crypto has heard of is now the best-performing large cap of 2026.
Hyperliquid's HYPE hit a record $76.85, up nearly 200% this year while bitcoin went sideways. Bitwise bought it for a spot ETF, Circle wired in USDC, the shorts got run over.
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This feels like the Crypto Renaissance Era — a period of explosive rebirth with fundamentals at ATH:
• Privacy
• AI: inference, training, compute, models
• Prediction markets
• Equity perps, tokenized stocks, RWAs
• Neobanks
• Stablecoins, payments, remittances
• Censorship resistance, open source
• Collectibles
Sentiment at lows.
Price will follow.
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@gringoXBT The wild part isn't the ATH, it's private companies already getting public-market liquidity.
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Yesterday $HYPE hit a new all-time high of $76.90
$11.5M in shorts liquidated
and the craziest part: SpaceX perps on Hyperliquid drove 30% of the platform's volume
$1.4 billion in SpaceX perp volume in a single day
on a DEX
Imagine what happens when OpenAI and Anthropic eventually go public
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@ifivelabs $73.9B locked, $21.8B traded — the casino remains the biggest app in DeFi.
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@OnchainIns5699 $80M at 20x always sounds insane until you notice the liquidation is only a few percent away.
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@milly_rock7 Wall Street sold the shares, crypto sold the volatility.
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SpaceX banned retail from its IPO. $SPCX
Hyperliquid didn't care.
They built a SpaceX perp market anyway.
$1.4B in volume in a single day. 30% of the entire platform. Price discovery happened on-chain before the stock even hit Nasdaq.
Wall Street controlled the allocation. Crypto controlled the narrative.
Coincidence?
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@loraclexyz Internalizing flow without taking custody is a pretty interesting middle ground.
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Hyperliquid should allow to settle perp trades between two accounts off book.
- Brokers / Apps can match customer flow internally without being custodial
- OTC desk can help you open big positions with lower slippage
- Prop firms can match their internal flow and keep their book segregated
One action, multisigd by short and long leg, fees can still be charged on the trade
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