Merkle - $60M+ Volume, GameFi elements and Leverage 1000x
Sign up and trade. There may be something in for you! https://app.merkle.trade?ref=G3GKNZ7F
Massive market opportunity for Gamification + Perp DEX
More than $60M trading volume, 17K+ trades
A first-of-its-kind GEM backed by @hashed_official 💎👇
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In this thread, I will cover the following topics:
Massive Market
About Merkle
Differentiating Features
Roadmap
Conclusion
🔷 Massive Market 🔷
The perp dex market boasts a massive size of nearly $3B market potential.
And as CEXes increasingly come under the scrutiny by the authorities, defi will continue to push this space further with innovation
While looking through the top gainers, this one particularly caught my attention: @merkle_trade, ~100% increase in TVL in the past month.
Though TVLgrowth is smaller than other top gainers like @derivio_xyz. @TradeVoodoo, they have a lot more to uncover.
It has achieved some incredible metrics, including:
trade volume
number of trades
TVL growth
I’ve been looking at the perp dex sectors for weeks, and its one of the most promising sectors that will lead us into the bull.
It will be a leading indicator, and I shared my thesis for that earlier.
🔷 About Merkle 🔷
@merkle_trade is the first of its kind to offer an Omnichain Gamified perp DEX experience that is powered by @LayerZero_Labs
It offers leveraged trading on crypto, forex, and commodities pairs.
They have done impressive numbers and I will let the analytics speak for itself:
$60M total trading volume
$500K TVL up by 100% in the last 30 days
17K Total trades
400 Total traders
For the record, they did nearly $7M in trading volume in just 24 hrs.
And in their recent trading trading competition with $PYTH, it generated over $12M trading volume by over 70 number of traders.
Key features include:
Leverage up to 1000x and a wide range of trading pairs
Fast trade execution with minimal slippage due sub-second latency
Decentralized and non-custodial trading with no counterparty risk
Low trading fees starting at 0.05% for crypto and 0.0075% for forex
Gamified trading experience with missions, level-ups, collectible NFTs, and competitions
Passive market maker system where the Merkle LP acts as the counterparty
Synthetic assets allow any pair with a price feed to be listed
I resonated with their vision as Merkle aims to offer a highly engaging and enjoyable trading experience for everyone by being:
the biggest decentralized hub for leveraged trading
focusing on 5 cornerstones: user-friendliness, advanced trading features, social/gamified experience, security, and decentralization
🔷 Differentiating Features 🔷
Unlike any other perp DEXes @merkle_trade is unique in their own way and I am particularly attracted to these features:
Omnichain Support
Users can connect with major EVM wallets including @MetaMask, @Rabby_io, and beyond that has natively integrated @Aptos_Network ecosystem wallets like @PontemNetwork, @martian_wallet and more.
Powered by @LayerZero_Labs , users can deposit funds from top L1s and L2s
Unlimited Assets
Merkle's synthetic nature means limitless listings:
Gamified Trading
Users who sign up here and trade can look forward to some surprises
Earn XP and level up as you trade
Complete daily missions to earn rewards
Collect loot boxes containing exclusive NFTs that confer trading boosts and bonuses
Loot boxes create ongoing and more sustainable incentives as compared to one time airdrops
Trading Features
With a min collateral of $2, users can leverage up to 1000x (equivalent ot $2000)
Variety of latest crypto, forex, commodities pairs
Fast listing of trending tokens like $TIA, $MEME, $PYTH
Optimized UX for mobile and active trading
🔷 Roadmap 🔷
The roadmap covers launching the platform and core features, integrating social and gamification elements, ensuring security, releasing governance tokens, and enabling advanced trading capabilities like cross-margin and copy trading.
Q3 2023:
Private mainnet launch
Trading contests
Smart contract audits
Q4 2023:
Mainnet launch
Social trading features
One-click trading
Referral program
New trading pairs
Onboarding improvements
Gamification v2
Q1 2024:
$MKL token launch
DAO launch
Cross-margin trading
Copy trading feature
🔷 Conclusion 🔷
Merkle Trade stands out as an innovative player in the fast-growing perpetual DEX market.
With over $60 million in trading volume already, it has demonstrated impressive traction. Its unique features like omnichain support, unlimited synthetic asset listings, and gamified trading make it engaging for all types of traders.
It is backed by leading VCs like @hashed_official.
Twitter: https://twitter.com/arndxt_xo/status/1729818787506266463