Seeing a lot of people complaining about Polymarket's perp product. This is just the initial product form. Polymarket's perp is fundamentally different from other perps. Let me break it down for you, and you'll understand why it's unique. For example, when geopolitical tensions rise, you can trade event probabilities on traditional prediction platforms. Historical data has shown that Polymarket's event probabilities are insanely accurate, even becoming key reference indicators for certain asset prices. Now imagine the prediction side directly launching a "geopolitical conflict" trading package, and at the same time rolling out perps for crude oil and gold. See the difference? This is what makes Polymarket so badass. First, it's an event probability market. Then, it evolves into price asset expression. Finally, it naturally extends into leveraged perp trading. This progression feels super organic. So, their perp product has a natural edge. Polymarket already attracts a crowd that loves betting, analyzing, and trading expectations. Some even use Polymarket's probabilities as a basis to open positions on other perp platforms. Now, Polymarket has launched its own perp product, so there's no need to go elsewhere. Traditional perp exchanges mainly compete on asset prices, liquidity, fees, and leverage. I think Polymarket just needs to do a decent job in these areas. Polymarket's biggest advantage is its "attention gateway." It's already a major source of information for key events, and integrating perps with its prediction market makes it absolutely unstoppable. Some people say launching perps is just a way to boost valuation. Fair enough, no arguments there. Perps bring higher-frequency trading, which means more revenue potential. Prediction products are more about driving traffic from trending events, and Polymarket has already proven this by going viral. Now, their perps are leveraging the traffic and attributes of their prediction products to drive even more trading volume. In the long run, revenue from the perp side will far exceed that of the prediction side. The prediction side just needs to keep bringing in a steady stream of traffic.