@PWenzhen76938 The real significance of this approach is to introduce US stock market liquidity into on-chain derivatives, which will erode the traditional margin trading business of securities firms. Conversely, after-hours volatility in US stocks will also be directly transmitted to the crypto market, meaning the volatility resonance between the two markets is deepening.
@PWenzhen76938 The cumulative 5.7 billion looks impressive, but the real killer move is the tokenized stock as margin. Whether the 300M level can hold depends on whether institutions enter. Anyway, I tried it with NVDAon and the slippage is indeed small.
@PWenzhen76938 Before, you could only hold spot and wait for the price to rise. Now you can use SPYon to directly open a 20x leveraged margin account, which is great, but isn't the liquidation risk also amplified? Has anyone actually tested this?
@PWenzhen76938 Tokenized stocks can be used directly as margin without needing to be exchanged for stablecoins; this breakthrough point has been accurately identified.
@PWenzhen76938 The data is indeed impressive. On July 31, the transaction volume exceeded 300 million in 24 hours, and the cumulative transaction volume reached 5.7 billion. It has been less than a month since it was launched. It is rare to see such a large scale of RWA perpetual projects.
@PWenzhen76938 From a business model perspective, its impressive performance is no accident. It solves the time constraints and cumbersome currency conversion issues inherent in traditional US stock leverage. Tokens and stocks are used directly as margin, maximizing capital utilization. Its differentiated advantages are very prominent.
@PWenzhen76938@OndoPerps's liquidity sources are different; they are backed by real liquidity from the traditional market. Our tests show that slippage for large orders is significantly better than regular on-chain perpetual liquidity. Thank you for sharing! 🌹
@PWenzhen76938 Previously, if you wanted to leverage your US stock exposure, there were basically two options: either use CFDs (which depended on brokerage rules and time zones), or sell first, then convert to stablecoins, and then open a position. The transaction and time costs were both very high. Ondo Perps allows SPYon/QQQon/NVDAon as margin, enabling you to maintain spot exposure while leveraging 10-20 times, 24/7. This improved experience isn't just an "optimization," it's a qualitative leap.
@PWenzhen76938 These data are really impressive. It reached 300 million daily transactions in just a short time after its launch. This is the first time I've seen someone actually boost the volume of RWA Perpetual.
@PWenzhen76938 Using tokenized stocks directly as margin is indeed revolutionary, but it's questionable how long the daily trading volume of 300 million can sustain it. I tried it with a small position in NVDAon, and the slippage was quite noticeable over the weekend.
@PWenzhen76938 Previously, on-chain transactions and traditional assets were basically two separate systems. The biggest gap was liquidity and use cases.
@PWenzhen76938 This model is so different. It directly uses tokens and US stocks as margin, and the liquidity is even better. It's no wonder that the data has skyrocketed.
