Crypto Market Disruption - Crypto native products are maturing and disrupting global financial infrastructure in real time [1] - Perpetual futures and event contracts are expected to dominate the market [1] Asymmetric Opportunity - Building a brokerage using Hyperliquid and Polymarket as liquidity backends presents an asymmetric opportunity [1]

RT trade.xyz (@tradexyz)https://t.co/RgobPmaA23 reached several key milestones today.We set a new 24-hour volume record with over $200M traded. We also crossed $2B in cumulative volume since inception, while open interest reached a new high of $103M, up from $70M last night.During NVDA’s Q3 earnings, traders used perpetual futures to express an after-market earnings view for the first time, a meaningful step forward for 24/7 equity markets. ...

Investment Thesis - Quanto, with a ~$9 million fully diluted valuation (FDV), presents a high-risk, high-reward investment opportunity in the perpetual futures exchange market, potentially offering 20x+ returns [1] - The core innovation lies in allowing users to deposit a wide range of crypto assets as collateral for trading perpetual futures, differentiating it from competitors like $HYPE, $DYDX, and $GMX [1][3][17] - The $QTO tokenomics, featuring a burn mechanism where 70% of fees are used to buy and burn $QTO, aims to create a deflationary effect and drive value accrual [5] Tokenomics and Flywheel Effect - Quanto's design incorporates a reflexive $QTO flywheel: fees are used to buy and burn $QTO, potentially burning 12% of the total supply and 20% of the circulating supply annually [5] - The remaining 30% of fees are allocated to the native liquidity providing vault (QLP), similar to GLP or HLP, supporting QTO liquidity [6] - Winners on the platform earn $QTO, and if the losing trade uses non-$QTO collateral, that collateral is automatically sold to buy $QTO, creating on-chain buying pressure [7] Risks and Considerations - The platform's support for a large set of smaller cap coins introduces the risk of market manipulation [12] - The reflexive nature of the $QTO flywheel can work negatively if $QTO price or trading volume declines [13] - Despite the risks, the unique functionality of allowing any coin as collateral provides a strong base of users [13] Competitive Advantages - Quanto's key differentiator is its cross-margining system, enabling users to deposit virtually any crypto asset as collateral to trade perpetual futures [3][5][17] - This feature unlocks capital efficiency and allows trading of a wider range of assets, including memecoins and altcoins [3] - If Quanto were to grow volumes and catch up to competitors, it would be a 19x to GMX's market cap and a 58x to DyDx's market cap from it's current $8 million FDV [17] Financials and Metrics - Since its launch on July 12th, Quanto has generated 25 million $QTO from fees, with 175 million $QTO burned (70% of fees), equating to approximately 330 thousand $QTO burned per day [15] - Annualizing this burn rate results in 120 million $QTO burned per year, representing 12% of the total supply or 20% of the circulating supply [15]

cross-asset collateral, tokenized vaults, spot markets, integrated lending…all coming together to deliver a next-level perps experience.and it’s happening on Starknet. https://t.co/GvoirPjR0d ...

Market Analysis & Trends - Bitcoin experienced a price surge due to liquidations of short positions in the cryptonative market, with nearly $2 billion in perpetual futures liquidations on July 10th [3][6] - The dollar's weakness in the first six months of the year has contributed to Bitcoin and gold being seen as stores of value [10] - Inflows into US Bitcoin and Ether ETFs have been notable, indicating strong demand [8] - There are $200 billion in investable crypto-linked products in the traditional space, representing approximately 12% of the total crypto market cap [7] Regulatory & Adoption - Congressional discussions around crypto, particularly regarding regulatory clarity, are driving renewed hope in the market, benefiting Ether and other layer-one blockchains [11][12] - Increased mainstream education and adoption are occurring as treasury companies hold Bitcoin and more people learn about Bitcoin ETFs for portfolio diversification [10] Investment Strategy - Investors are encouraged to broaden their horizons beyond Bitcoin and consider diversified index funds like the Coindesk 20 index [15][16] - Demand for crypto is strong and durable, making it a relatively safe investment [14]