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“APX Finance’s total trading volume has now exceeded $300 billion, making it a major force in the on-chain derivatives market.”
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 only accounts for 1.3% of the total trading volume; 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 shows that within decentralized exchanges, their derivatives are far less mature than spot and have a large room for growth. Therefore, 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 leading protocols such as dYdX and GMX. APX Finance is one of the most representative protocols among them.
Historical transaction volume exceeds 300 billion US dollars
APX Finance (APX) is an on-chain derivatives platform that provides on-chain perpetual contracts (BNB Chain, Arbitrum, opBNB, Base) based on liquidity providers (LPs). APX provides 3 trading modes. APX v1 built an order book model that supports users to trade perpetual contracts by placing orders, while v2 is based on the vAMM model, providing unprecedented opportunities for traders and pledgers. At the same time, it also launched the Dumb trading mode, which supports users to make profits through short-term predictions of asset fluctuations.
APX Finance not only meets diverse trading needs and diversified profit models, but also improves trading levels through up to 1001x leverage, zero slippage and competitive fees, and obtains the highest returns on the perpetual trading platform through the stablecoin LP pool, further improving returns.
The differentiation in product experience and functionality has enabled APX Finance to always rank first after entering the market. Currently, the total transaction volume of APX Finance has exceeded US$300 billion (the total transaction volume of most on-chain derivatives protocols is below US$100 billion), which also represents APX Finance's recognition in the market and its position in the field.
Establish in-depth cooperation with Binance Wallet and Lista DAO
APX Finance has previously established an in-depth cooperation with Lista DAO. In February of this year, Lista DAO launched its first gamified points system activity to earn Stardusts points and receive an airdrop allocation of 0.2% of the total $LISTA tokens. Users can earn points by trading lisUSD derivatives on pancakeswap, APX, Wombat, and Thena platforms, and contribute to the lisUSD asset trading volume, and receive airdrops based on the points.
The APX Finance platform has become the main channel for participating in the event because it supports 1,000 times leverage and can achieve twice the result with half the effort. Currently, APX Finance is one of the largest trading platforms for lisUSD. Users can use lisUSD as margin to trade contracts on APX, which is highly efficient, has low wear and tear costs, and is very cost-effective. APX Finance and Lista DAO have also always maintained long-term and close market cooperation.
Currently, Lista DAO has become the second phase project of Binance Megadrop and has once again attracted market attention. 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 have maintained in-depth cooperation in the market. The two have deep sharing of resources and are both projects invested by Binance Labs. On the other hand, Lista DAO and APX Finance have excellent projects with outstanding performance in their respective tracks, especially APX Finance plays an important role in the BNB Chain derivatives track. Therefore, after Lista DAO is listed on Binance, APX Finance is also expected to follow Lista DAO's footsteps.
On the other hand, APX Finance currently has the resource support of the Binance ecosystem and has established in-depth cooperation with Binance Web3 Wallet. This is also further interpreted by the community and investors as a sign that APX Finance will subsequently log on to Binance.
So overall, APX Finance is firmly establishing its position in the first echelon of on-chain derivatives, and is expected to continue to siphon off the market based on its powerful functions and ecosystem. On the other hand, APX Finance is expected to be listed on Binance in the near future, which is worthy of long-term attention.