The 75.00 million GEMS bonus pool is now open.
$VELVET perpetual futures trading competition is officially underway.
Two tracks: one based on PNL. One based on Volume.
For traders, this is not only a race for rankings, but also an opportunity to test trading skills.
More importantly, this is also a crucial milestone before the $VELVET airdrop on August 10.
But seeing this event made me think of a bigger question:
Why are more and more trading events shifting from a single chain to competition across multiple ecosystems?
In the past few years, on-chain trading has changed significantly.
In the early days: Ethereum carried almost all DeFi activity.
Later: Solana captured the Meme traffic.
Base onboarded new applications.
BNB Chain continued to develop its DeFi ecosystem.
Hyperliquid emerged in perpetual trading.
Today, it’s hard for an active trader to belong to just one chain.
Where opportunities are, capital should go.
But a problem also emerges: liquidity is getting more and more fragmented. Assets are becoming more and more dispersed. Users are forced to keep switching between different ecosystems.
So I believe the truly important capability for future trading platforms won’t just be offering more trading pairs.
It’s how to connect these fragmented markets.
That’s also why I’m paying attention to Velvet.
Velvet supports multiple ecosystems, including BNB Chain, Solana, Base, Ethereum, and Hyperliquid, with the goal of helping users capture trading opportunities across different chains more efficiently.
From perpetual contracts to spot trading, and then to AI-assisted features and portfolio management.
It’s trying to build a more complete trading experience.
The competition among trading platforms in the future may not be about who has the most assets.
It may be about who can help users connect to the market faster.
The competition ends on August 9. On August 10, the $VELVET airdrop opens.
Next, Velvet’s ecosystem expansion is worth keeping an eye on.
$VELVET perpetual futures trading competition is officially underway.
Two tracks: one based on PNL. One based on Volume.
For traders, this is not only a race for rankings, but also an opportunity to test trading skills.
More importantly, this is also a crucial milestone before the $VELVET airdrop on August 10.
But seeing this event made me think of a bigger question:
Why are more and more trading events shifting from a single chain to competition across multiple ecosystems?
In the past few years, on-chain trading has changed significantly.
In the early days: Ethereum carried almost all DeFi activity.
Later: Solana captured the Meme traffic.
Base onboarded new applications.
BNB Chain continued to develop its DeFi ecosystem.
Hyperliquid emerged in perpetual trading.
Today, it’s hard for an active trader to belong to just one chain.
Where opportunities are, capital should go.
But a problem also emerges: liquidity is getting more and more fragmented. Assets are becoming more and more dispersed. Users are forced to keep switching between different ecosystems.
So I believe the truly important capability for future trading platforms won’t just be offering more trading pairs.
It’s how to connect these fragmented markets.
That’s also why I’m paying attention to Velvet.
Velvet supports multiple ecosystems, including BNB Chain, Solana, Base, Ethereum, and Hyperliquid, with the goal of helping users capture trading opportunities across different chains more efficiently.
From perpetual contracts to spot trading, and then to AI-assisted features and portfolio management.
It’s trying to build a more complete trading experience.
The competition among trading platforms in the future may not be about who has the most assets.
It may be about who can help users connect to the market faster.
The competition ends on August 9. On August 10, the $VELVET airdrop opens.
Next, Velvet’s ecosystem expansion is worth keeping an eye on.