The next project to log in to Binance:

APX Finance, a decentralized derivatives protocol, is about to become the biggest dark horse!

"APX Finance's total trading volume has now exceeded 300 billion US dollars, and it has become the main force in the on-chain derivatives track"

Since the on-chain derivatives market entered its embryonic stage in 2021, the sector has always maintained a high market growth rate. Even so, there is still great room for development in this field. On the one hand, the trading volume of the derivatives sector currently accounts for about 76% of the total trading volume, which is more than 3 times the spot trading volume (compared with the traditional financial field, there is still great room for development).

On the other hand, in the derivatives market, DEX trading volume accounts for only 1.3% of the total trading volume; while in the spot market, this proportion is close to 6%, and the largest centralized exchange Binance has a market share of only 16.95%, which is half of its derivatives market share. This shows that within the decentralized exchange, its derivatives are far less mature than spot and have a large room for growth. So from the overall perspective of the on-chain derivatives sector, this field still has great room for development.

Focusing on the on-chain derivatives track itself, with the further rise of this field, it is developing in a diversified direction. Some emerging on-chain derivatives protocols with potential are constantly impacting head protocols such as dYdX and GMX. APX Finance is one of the most representative protocols.

So overall, APX Finance is firmly in the first echelon of the on-chain derivatives track, and is expected to continue to maintain a siphon effect on the market based on its powerful functions and ecosystem. On the other hand, APX Finance has a strong expectation of listing on Binance in the near future, which is worth long-term attention.

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