Analysis of the Advantages of the First Derivative DEX on opBNB

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Despite the somewhat bleak cryptocurrency market in 2023, it hasn't deterred those with a strong understanding of the field from making their own fortunes. These individuals share a common trait: a keen awareness of new projects and industry trends, allowing them to quickly identify the hotspots within the cryptocurrency sector.

From the APT airdrop in October of last year, to the BLUR airdrop earlier this year, and now the ARB airdrop, the flow of funds signifies shifts in trends. As the focus shifts from ordinals to PEPE to BALD, and now to friend.tech, the market continues its search for the next promising asset as memes lose their vigor.

The Layer2 market made a significant emergence earlier this year. With Ethereum leading the narrative in 2023, alongside anticipation for the Cancun upgrade and the OP stack, attention has returned to the Layer2 arena. Smartly timed, Binance introduced their new Layer2 solution, coinciding with the growing interest in the appreciation potential of BNB, as well as the development of the opBNB ecosystem.

MEKE stands as the first derivative trading platform on this new chain.

Developed by a U.S. team, MEKE is a decentralized on-chain derivative trading platform that has attracted tens of thousands of participants since its public beta launch. Currently, MEKE boasts over 50,000 independent wallet addresses and a daily trading volume exceeding $300 million USD, with this figure steadily rising.

Since its public beta launch, MEKE has not only garnered attention and coverage from top global blockchain media like Cointelegraph but has also received significant attention through retweets and mentions by the BNB Chain team on their official Twitter account.

Trading forms the cornerstone of the entire cryptocurrency world, and in the realm of trading, most platforms are centered around spot trading. Especially within the decentralized trading landscape, spot trading products make up about 90% of the decentralized trading platform categories, while high-quality decentralized derivative trading platforms remain scarce. However, the current state of the trading market reveals that daily cryptocurrency derivative trading volumes exceed spot trading by over two-fold, indicating a substantial demand for decentralized derivative trading platforms.

Advantages

Leveraging its robust trading engine and built upon the opBNB foundation, MEKE offers users a swift, secure, and transparent encrypted derivative trading service. In terms of trading model, MEKE employs the classic order book model, while its trading process is designed akin to centralized cryptocurrency derivative trading platforms.

These factors enable MEKE to not only provide a high-quality experience comparable to centralized derivative platforms but also match their processing speed.

Initially focused on perpetual contract trading for major cryptocurrencies like BTC and ETH, MEKE also plans to consider contract trading for tangible assets like gold and forex USD in a legal and compliant manner, aiming to enter the trillion-dollar RAW market.

MEKE Airdrop

Beyond MEKE's inherent strength, its public beta airdrop has been a significant draw for users. Approximately 10% of MEKE tokens are allocated for airdrops to participants in the public beta. Users who acquire MEKE test tokens using USDT and engage in trading on the MEKE platform become eligible for MEKE token airdrops.

Throughout the entire public beta phase, a substantial influx of users participated in the MEKE airdrop. Particularly with the second phase of the airdrop, users meeting the conditions not only received valuable MEKE token airdrops but also gained additional WMEKE tokens by inviting other users to join the public beta. WMEKE tokens can be directly traded on Uniswap for USDT. Many users have acquired significant profits by obtaining thousands or even tens of thousands of WMEKE tokens through the second phase of the airdrop and subsequently exchanging them for thousands to tens of thousands of USDT.

The MEKE public beta airdrop consists of three phases, and the earlier users participate, the more and more cost-effective the airdrop rewards are. The MEKE public beta is currently in its final stages for the second phase, providing interested users with an opportunity, albeit for a limited time. Following the conclusion of the MEKE public beta, the platform will go live on the opBNB mainnet, and airdrop claims will be opened.

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