⌞Backpack🎒 Week 8 Points⌝

This week I scored 21,383 points, which is also the first time I surpassed 20,000 points, but this is a sad story.

Trading volume 5.62 million, account assets 80,000, this week 2 accounts liquidated 35,000.

====✅My Thoughts✅====

1) Cost: Due to the Mad Lads transaction fee, the expenditure was only 806 U, this account liquidated 17,000 U, cost 1.2 U/point.

2) Weight: I lost real money, experiencing the algorithm's comfort for those who are liquidated, which should add points.

3) Profit: This account happened to be a winner of the hedging strategy, it’s ironic that I profited 58,000 this week, ranked 3rd, I estimate there will be extra points.

4) Trading: There is a huge difference between trading and gambling, everyone should not gamble!

====🟡Official Data🟡====

Total trading volume, 3.2 billion → 4.6 billion, increased by 43%.

Total position amount, 189 million → 230 million, increased by 21%.

Total loaned assets, 100 million → 148 million, increased by 48%.

Total managed assets, 207 million.

🔹Compared to last week, all official data set historical highs, with a very fast growth rate!

This indicates that the 12% interest for depositing SOL and the 5% interest for depositing stablecoins introduced last week have a strong attraction to the market.

====✅Summary✅====

Have you watched the football World Cup that happens every 4 years? The championship team is initially underestimated, stumbling through the group stage, and then starts to show signs of being a champion, advancing through the knockout stage, ultimately claiming the trophy.

Backpack @Backpack_CN has been developing quietly, do you think it has the potential to be a champion?