If you have to choose a hot track that has been continuously favored by many VCs in the past two years, decentralized cryptocurrency derivatives trading is undoubtedly one of them.
Moreover, the competition in the decentralized cryptocurrency derivatives trading track is becoming increasingly fierce. According to industry professionals, the trading activity and volume of derivative trading are almost twice that of spot trading. In addition, decentralized cryptocurrency derivatives trading protocol platforms are constantly emerging, such as dYdX based on the Ethereum Starkware network, GMX and Vela Exchange on Arbitrum, and the recently launched MEKE, indicating increasingly intense competition.
Although MEKE was launched later (the first public test started on July 31), it is still in the early stages. However, it is one of the first applications to be launched on opBNB and has already attracted the attention of many investors. The public test period has been exceptionally hot, with an estimated tens of thousands of interacting wallet addresses, leading to a rapid increase in opBNB test network trading volume.
Nevertheless, MEKE still faces strong competitors and will undoubtedly have followers. How will MEKE deal with the increasingly fierce competition in the decentralized cryptocurrency derivatives trading market? The following FAQ will provide you with the answers.
Q1: What is the reason for MEKE choosing the BSC L2 network opBNB?
A1: On the one hand, MEKE is a chain-based derivative trading platform developed by a US team in 2021, which has high requirements for transaction fees and transaction speed. opBNB can meet these requirements. opBNB is an EVM-compatible L2 scalability solution based on the Optimism OP Stack, capable of processing over 4000 transfer transactions per second and keeping platform transaction costs below 0.005U, outperforming existing scaling solutions.
Furthermore, opBNB allows developers to independently build L3 on-chain, serving Dapps with completely independent block space or customized needs, such as custom gas tokens and user permissions.
On the other hand, backed by Binance, opBNB provides strong brand endorsement for MEKE and a continuous source of users and trading volume growth. opBNB can leverage Binance's large user base and asset scale as support, and may lead to more gameplay for on-chain assets, such as RAW.
Considering these factors, MEKE chose to deploy on the opBNB test network.
Q2: How will MEKE deal with the fierce competition in the decentralized cryptocurrency derivatives trading track? What are its future development plans?
A2: MEKE is deployed on the opBNB test network, and its highlights include: 1) The trading system is developed through smart contracts, making the entire trading process transparent, traceable, and tamper-proof. 2) User-friendly with a trading experience similar to centralized perpetual contracts, making it easy for anyone with a basic understanding of wallet operations to use MEKE for contract trading. 3) Adopts a classic order book model to make trading more visual and in line with the trading habits of financial professionals, enabling more accurate data analysis. 4) Employs a self-developed powerful trading engine for smoother trading and stronger concurrency.
MEKE can be used for trading perpetual contracts of various mainstream cryptocurrencies such as BTC and ETH, and in the future, it may consider trading futures of physical assets such as gold, oil, and US bonds. Initially, it will focus on cryptocurrency derivative trading, and in the future, it will consider entering the RWA market with trillions of assets.
It is reported that within just 2 months, the TVL of RWA has risen from 13th place to 10th place. Based on the current development trend, RWA is expected to enter the top six in DeFi next year, further narrowing the gap between CeFi and DeFi. Moreover, the policies of Hong Kong and Japan are very friendly to RWA, which bodes well for MEKE's future development.
Q3: What are the main challenges for MEKE's future development?
A3: The challenge lies in improving user experience, as decentralized cryptocurrency derivatives trading platforms themselves have high requirements for transaction fees and transaction speed. Additionally, they also face platform liquidity issues, security issues, and legal and regulatory issues. The MEKE team will continuously improve the product experience and expand the product matrix to enhance user-friendliness, thereby reaching a broader market audience. Hopefully, one day, when cryptocurrency users think of derivative trading, they will think of using MEKE.
Q4: Besides derivative trading and RWA, what other tracks or narratives are worth MEKE's attention?
A4: Starting from the end of 2022, it seems as if the whole world is rapidly embracing artificial intelligence, especially large companies. This actually means that most people in the first world are using AI in a very real way, directly or indirectly. This paves the way for a possible future reality and provides new opportunities for MEKE. For example, AI technology can be used for cryptocurrency, derivative trading, RWA market analysis and prediction, providing services for risk management, portfolio optimization, and trade execution for MEKE users.
Currently, the MEKE public test is still ongoing, and participation is still in the early to middle stages. Participating in the MEKE public test may have benefits comparable to early participation in dYdX, Optimism, and Arbitrum tests.
For more information, long-press to copy and click to follow the MEKE official community.
Official Website:
Telegram:
Discord:
Twitter:
https://twitter.com/MEKE_PROTOCOL
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
