opBNB has just concluded the Odyssey event from the testnet to the mainnet from 8.10 to 8.25. Participating in this event gives you the chance to receive an NFT and a share of a $50,000 airdrop. For those who missed out, don't be discouraged, as opBNB's ecosystem is just getting started. Several star projects from the BSC have already announced their entry into opBNB, presenting numerous opportunities.
What's more important is to pay attention to the high-quality projects being deployed and issued for the first time on opBNB, which have enormous potential and relatively generous returns. For example, MEKE, a decentralized derivative trading platform developed by a US team in 2021, primarily supports perpetual contract trading for mainstream cryptocurrencies such as BTC and ETH. In the future, it will also expand to futures of physical assets such as gold, oil, and US bonds, entering the trillion-dollar asset market.
1. Why MEKE?
In terms of L2 networks, the narrative of the crypto world in 2023 is L2, and platforms with a large user base have all made layouts in L2 this year, such as Coinbase's Base and Binance's opBNB. To maintain activity in L2 networks, there needs to be enough users to use and contribute liquidity. Binance, with the largest user base globally, and the high level of activity of BNBchain users, backed by Binance's massive user traffic and the large ecosystem of BNB, has attracted global attention upon its launch. Naturally, projects launched on opBNB will attract market attention, such as MEKE, the first decentralized derivative trading platform on opBNB.
Looking at the development of DEX, DEX has risen since 2020, and after more than two years, the total trading volume is already considerable. In terms of monthly data, the trading volume in November 2022 reached $910 billion, a 460% increase compared to $160 billion in November 2020. Compared to CEX, DEX only accounted for 1% of CEX trading volume in 2020. After the FTX incident last year, this figure has risen from 10% in September 2022 to 16% in November, showing a clear upward trend. Coinbase's second-quarter financial report in 2023 also confirms this trend, with a clear trend of cryptocurrency trading volume shifting from CEX to DEX. MEKE is a decentralized derivative trading platform, in line with the rising trend of DEX, with unlimited potential in the future.
In terms of the potential of the crypto derivative market, the derivative market is currently one of the largest markets in the cryptocurrency industry, and regulatory pressure and rapid market growth continue to provide favorable conditions for its development. Binance's recent DeFi derivative report shows that the crypto derivative market currently holds a 74.2% market share in total trading volume, reaching a monthly trading volume of $1.9 trillion. Data analyst Emperor Osmo predicts that by 2030, the revenue of the crypto asset derivative market will increase from the current $960 million to $231.2 billion. It is evident that MEKE, as a derivative exchange relying on transaction fees as the main source of income, will undoubtedly gain huge profits and development space.
In terms of platform performance, unlike traditional perpetual contract exchanges, MEKE is deployed on the BNB L2 network opBNB, giving MEKE highly decentralized functionality. Firstly, it ensures that every transaction is recorded on the blockchain, eliminating the possibility of CEX's dark operations and misappropriation of user funds. Secondly, it relies on smart contracts to complete all transaction operations, making the entire transaction process open, transparent, traceable, and unchangeable by anyone. Moreover, the code has been reviewed by the security firm Certik, providing strong security guarantees for user assets. Finally, in terms of performance, MEKE also balances security and efficiency well. While ensuring the security of user assets and transactions, it can process over 4,000 transfer transactions per second and keep platform transaction costs below 0.005U per second, allowing MEKE users to enjoy high throughput and low fees simultaneously.
2. MEKE Public Testing, How to Seize the Opportunity?
Currently, MEKE is undergoing public testing on the testnet, with a total of three rounds expected. The first round ended on August 14, and the second round of public testing is currently in progress, scheduled to end on September 6.
According to market feedback from the first round of public testing, MEKE users on the opBNB testnet already have over 35,000 unique wallet addresses, and the 24-hour trading volume in mid-August approached nearly 300 million USDT, demonstrating its popularity. Participating in MEKE's public testing offers benefits comparable to early participation in dYdX, Optimism, and Arbitrum testing. There are two ways to receive airdrops:
(1) Trading on the public testnet with USDT, and the total value of the traded assets (calculated in test USDT) ≥ the received test USDT, then you can receive the corresponding amount of MEKE airdrop. If the total value of the traded assets ≤ the received test USDT, the airdrop quantity = the USDT quantity of the total asset value.
(2) Based on airdrop 1, calculate airdrop points. Each additional point will increase the airdrop amount by 1%. To be eligible, the received test USDT must be ≥ 100,000 USDT.
① Increase by 0.3 points for a daily total trading volume ≥ 1 million USDT
② Increase by 1 point for participating in the activity through an invitation link
③ If the invited user successfully participates in the public testing and the invited user receives ≥ 100,000 USDT, the inviter will increase by 0.1 point.
④ If the invited user successfully participates in the public testing, the inviter will be rewarded with additional MEKE airdrop, with the additional airdrop quantity equal to 2% of the airdrop 1 quantity received by the invitee.
From APT to BLUR, to ARB; from ordinals to PEPE to BALD, and then to friend.tech. Each airdrop in the crypto world has swept the entire network at an unprecedented speed, bringing wealth legends that countless crypto users envy. Now, with the emergence of MEKE, it may be the next hot spot to ignite the market. Everyone can subscribe to the MEKE community to closely follow MEKE's developments and seize the opportunity to participate in this project with enormous potential.
Long press to copy and click to subscribe to the official MEKE community to grasp the rewards of the second phase of public testing;
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