"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 great room for development in this area. On 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 having great potential 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; whereas in the spot market, this ratio is close to 6%, and the largest centralized exchange Binance's market share is only 16.95%, which is half of its derivatives market share. This indicates that within decentralized exchanges, their derivatives are far less mature than spot trading, with significant room for growth. Therefore, from an overall perspective of the on-chain derivatives sector, there is still great potential for development.

Focusing on the on-chain derivatives track itself, as this sector continues to rise, it is diversifying, and some promising emerging on-chain derivative protocols are constantly challenging leading protocols such as dYdX and GMX, with APX Finance being one of the most representative protocols.

Historical trading 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 (LP). APX offers three trading modes. APX v1 has built an order book model that supports users to trade perpetual contracts by placing orders, while in v2, the vAMM model is the main focus, providing unprecedented opportunities for traders and stakers. It also introduces the Dumb trading mode, supporting users to profit by short-term predictions of asset fluctuations.

APX Finance not only meets diverse trading needs and revenue models, but also enhances trading levels with leverage of up to 1001x, zero slippage, and competitive fees. It also achieves the highest returns in perpetual trading platforms through stablecoin LP pools, further enhancing returns.

The differentiation in product experience and functionality allows APX Finance to consistently rank among the top tier after entering the market. Currently, APX Finance's total trading volume has exceeded 300 billion US dollars (most on-chain derivative protocol's total trading volume is below 100 billion US dollars), which also represents the market recognition of APX Finance and its position in the track.

Deep cooperation with Binance Wallet and Lista DAO

APX Finance previously established in-depth cooperation with Lista DAO. In February of this year, Lista DAO launched the first gamified point system activity to earn Stardusts points and receive a 0.2% airdrop allocation of $LISTA tokens. Users can contribute to the trading volume of lisUSD assets by trading lisUSD derivatives on platforms such as Pancakeswap, APX, Wombat, and Thena to earn points and receive airdrops based on the points.

APX Finance's platform's support for leverage of up to a thousand times has had a multiplier effect, making it a major channel for participating in this activity. Currently, APX Finance is one of the largest trading platforms for lisUSD, where users can trade contracts with lisUSD as collateral, with high efficiency and low wear costs, offering very good value for money. APX Finance and Lista DAO have maintained a long-term and close market cooperation.

Currently, Lista DAO has once again attracted attention in the market as the second phase project of Binance Megadrop, and following Lista DAO, APX Finance is also expected to be 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 in by Binance Labs. On the other hand, Lista DAO and APX Finance are both outstanding projects in their respective tracks, especially APX Finance plays an important role in the BNB Chain derivatives track, so after Lista DAO's listing on Binance, it is speculated that APX Finance is likely to follow in Lista DAO's footsteps.

Furthermore, APX Finance has currently received support from the Binance ecosystem and has established deep cooperation with Binance Web3 Wallet, which is further interpreted by the community and investors as a sign that APX Finance is likely to be listed on Binance in the future.

Overall, APX Finance is not only firmly establishing its position in the top tier of the on-chain derivatives track and is expected to maintain a siphon effect on the market based on its powerful features and ecosystem, but also has a strong expectation of being listed on Binance in the near future, making it worthy of long-term attention.

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