As soon as the market recovers, many projects are starting to move as well. The on-chain perpetual trading platform Travix has announced receiving investment from market maker Amber. They believe that while many on-chain trading platforms appear lively, there aren’t many participants who plan to stay long-term. Most are just speculators leveraging news and trending narratives. Once the hype fades, the liquidity of many assets deteriorates significantly. Take things like H100, memory, chips, and electricity, for example. Their prices are currently locked in invoices, chip quotes, and supply chain spreadsheets, and there’s still no continuous public market for them in the crypto space. The project team hopes to turn these computing power assets into perpetual contracts, allowing synthetic perpetual trading on-chain even when traditional markets are closed. At the same time, teams involved in real-world trading can also come on-chain to hedge their positions. However, the project is still in the testnet and whitelist phase. The team has a background in fund asset management. Some people have managed to obtain test qualifications through their community. From leaked screenshots, it seems the official team will provide testnet stablecoins to each participant and has integrated support for Binance Wallet.