An Eight-Year Confession from a Cambodian Gray Market Operator: My Perspective on USDT, FX168, and the Battle of Human Nature | Bee Network
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Original translation: TechFlow Key insights: Equity perpetual contracts remain a high-potential but unproven area with limited appeal in the on-chain market, primarily due to audience misalignment, weak demand, and more popular alternatives such as 0DTE options. For example, the average daily trading volume of stock perpetual contracts on the Ostium platform is only US$1.8 million , while the trading volume of cryptocurrency perpetual contracts is as high as US$44.3 million, indicating weak market demand. This may suggest that market demand has yet to be fully unleashed due to infrastructure and regulatory constraints . Hyperliquid’s recent HIP-3 upgrade provides the best opportunity for perpetual stock contracts, but adoption is expected to be gradual. Source: Messari (@0xCryptoSam) Perpetual stock swaps are considered the next big thing in the on-chain market, but current…# Analysis# crypto# Drugs# Exchange# Market# Tool# web3Pre
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