Perps sector has now become a must-fight battlefield. Not only are CEXs competing, but wallets, terminals, and sniper bots have basically integrated perpetual contracts. And now even Polymarket has launched its own proprietary contracts. From the perspective of capital efficiency, this move makes sense. Betting Y/N is essentially binary options. Whenever users need to open positions to hedge against spot volatility or tail risks of events, they have to move funds cross-chain, switch wallets, and go to external platforms to meet their existing hedging needs. This time, they've directly packed 24 crypto assets, 36 U.S. stocks (like popular ones such as MSTR, CRCL), and commodities like gold into a unified account. With Hyperliquid previously paving the way for perpetual contracts to enter the U.S. market in compliance, this move will undoubtedly support PM's push for higher valuations as a commercial inevitability.