Binance's Perpetual Contract Spree: Is It All Hype? 🤔

#Binance has been on a roll, launching a whopping 12 USDⓈ-Margined Perpetual Contracts just in August 2024. 🔥And welcome newcomer $CHESS !! That's a lot of options for traders! 📈😅

But let's take a step back and ask: 🤷 Is this really benefiting the projects behind these tokens? 🗿

While these contracts can be exciting for traders and potentially increase trading volume, they don't necessarily translate into real growth for the underlying projects. 🙊 It's more like a quick way to pump the price and generate hype. 🎢

Don't get caught up in the hype! Focus on the fundamentals of the projects you're interested in. Look at factors like active users, on-chain revenue, and real-world use cases. 👀💪 These are the true indicators of a project's long-term potential.

DYOR! #CryptoMarketMoves #CHESS