"APX Finance's total trading volume has now exceeded 300 billion US dollars, making it a major player in the on-chain derivatives track."
Since the emergence of the on-chain derivatives market in 2021, this sector has maintained a high market growth rate, and yet there is still a great deal of 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 three times that of spot trading volume (still with great potential for development compared to the traditional financial sector).
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%. The largest centralized exchange, Binance, has a market share of only 16.95%, which is half of its derivatives market share. This indicates that within decentralized exchanges, derivatives are not as mature as spot trading and have greater room for growth. Therefore, from the overall perspective of the on-chain derivatives sector, this field still has great potential for development.
Looking at the on-chain derivatives track itself, with the further rise of this field, it is evolving in a diversified direction, and some promising emerging on-chain derivatives protocols are constantly challenging top protocols such as dYdX and GMX. APX Finance is one of the most representative protocols among them.
Historical trading volume exceeds 300 billion US dollars
APX Finance (APX) is an on-chain derivatives platform that provides on-chain perpetual contracts based on liquidity providers (LP) (BNB Chain, Arbitrum, opBNB, Base). APX offers three trading modes. APX v1 has built an order book model that allows users to trade perpetual contracts by placing orders, while v2 is mainly based on the vAMM model, providing unprecedented opportunities for traders and stakers. It also introduces the Dumb trading mode, which allows users to profit from short-term predictions of asset fluctuations.
APX Finance not only meets diverse trading needs and revenue models but also enhances trading levels through leverage of up to 1001 times, zero slippage, and competitive fees. It further enhances returns by obtaining the highest yield through stablecoin LP pools in perpetual trading platforms.
The differentiation in product experience and functionality allows APX Finance to consistently rank among the top in the market. Currently, APX Finance's total trading volume has exceeded 300 billion US dollars (most on-chain derivatives protocols have a total trading volume of less than 100 billion US dollars), which also represents the recognition of APX Finance in the market and its position in the track.
Deep cooperation with Binance Wallet and Lista DAO
APX Finance has previously established in-depth cooperation with Lista DAO. In February of this year, Lista DAO launched the first gamified points system activity to earn Stardusts points and receive a 0.2% airdrop allocation of the total supply of $LISTA tokens. Users can contribute to the trading volume of lisUSD assets by conducting derivative trading of lisUSD on platforms such as Pancakeswap, APX, Wombat, and Thena to earn points and receive airdrops based on points.
APX Finance's platform has achieved significant results due to its support for leverage of up to a thousand times, making it a major channel for participating in this activity. Currently, APX Finance is one of the largest trading platforms for lisUSD, allowing users to conduct contract trading with lisUSD as collateral on APX, with high efficiency and low wear costs, and a very cost-effective performance. APX Finance and Lista DAO also maintain a long-term and close market cooperation.
Currently, Lista DAO has attracted market attention again as the second phase of the Binance Megadrop project, and following Lista DAO, APX Finance is also expected to become the next project to be listed on Binance.
In fact, Lista DAO and APX Finance not only maintain deep cooperation in the market but also share resources deeply, and both are projects invested by Binance Labs. On the other hand, Lista DAO and APX Finance have performed very well in their respective tracks, especially APX Finance, which plays an important role in the BNB Chain derivatives track. Therefore, after Lista DAO's listing on Binance, it is speculated that APX Finance is expected to follow in its footsteps.
On the other hand, APX Finance currently receives support from the Binance ecosystem and has established deep cooperation with Binance Web3 Wallet, which is also further interpreted by the community and investors as a sign that APX Finance will be listed on Binance in the future.
Therefore, overall, APX Finance is firmly establishing itself as a leader in the on-chain derivatives track and is expected to maintain a synergetic effect on the market based on its powerful features and ecosystem. On the other hand, APX Finance is highly anticipated to be listed on Binance in the near future, making it worth long-term attention.
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