Stumbled across some interesting numbers on a perp protocol today. The TVL hovers around $30 million, nothing spectacular there. But here's where it gets weird – they processed nearly $19 billion in perpetual volume over the past month.



That's a 630x multiplier between locked value and trading throughput. Either the capital efficiency here is genuinely impressive, or leverage ratios are running absolutely bonkers. Either way, definitely one of the more intriguing setups I've seen in the wallchain ecosystem recently.
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Web3Educatorvip
· 2025-12-11 18:32
High leverage risk zone
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LidoStakeAddictvip
· 2025-12-09 22:45
Classic high-leverage gameplay
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0xSleepDeprivedvip
· 2025-12-08 19:03
Dancing on the edge of leverage
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RugpullTherapistvip
· 2025-12-08 18:55
Playing with such high leverage is really crazy.
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MercilessHalalvip
· 2025-12-08 18:42
A rather aggressive leverage ratio
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PanicSellervip
· 2025-12-08 18:34
The entire account's long position is already trapped.
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