MEKE, the Pioneering Derivative Platform on the OpBNB Blockchain, is Set to Launch its Public Beta on July 31

Following the announcement of Compound founder Robert Leshner’s entry into the RWA field, the pathway connecting traditional assets with crypto-assets has been brilliantly illuminated. As a result, projects linked to Compound, Maker, and other RWA-related endeavors have witnessed an overwhelming surge in popularity.

As projects like Compound and Maker belong to the DeFi category, this news has sparked a significant increase in interest across various DeFi projects. Owing to DeFi’s inherent traits of transparency, immutability, and openness, among others, it not only finds relevance in the realm of crypto-assets but also serves as a powerful tool to bridge crypto-assets with real-world assets, offering an exceptional gateway to explore opportunities in the realm of Real-World Assets (RWA).

Following the SEC’s lawsuit against two major centralized cryptocurrency exchanges, the crypto market has been steadily gravitating towards decentralization. DeFi, which bloomed in 2020 and has since matured into a robust ecosystem, has made remarkable technological advancements. Coupled with the emergence of outstanding Layer 2 (L2) products, the blockchain’s processing capabilities have been significantly enhanced, laying a strong foundation for the rise of decentralized finance.

After years of meticulous development, MEKE, a blockchain-based derivative protocol, has finally emerged. This groundbreaking product not only delivers a trading experience comparable to centralized perpetual contract exchanges, enabling seamless trading of various mainstream cryptocurrencies through perpetual contracts, but also has plans to launch on-chain perpetual contracts for real-world assets. Moreover, MEKE has already been successfully deployed on the OpBNB test network, making history as the first-ever known decentralized derivative trading protocol on the OpBNB blockchain.

In the centralized financial landscape of the entire cryptocurrency market, it is evident that the spot market has reached a saturation point. Leading applications like Uniswap and AAVE have successfully secured substantial shares of the spot trading and lending markets. Operating for several years, these platforms have garnered a loyal user base, making it difficult for new products to challenge their dominant positions. However, in the realm of decentralized trading, specifically in the cryptocurrency derivatives market, the level of development has not been as extensive, creating an opportunity for another innovative application to rise to prominence.

The MEKE team originates from the United States and prides itself on a diverse blend of top-notch traders from traditional financial industries and highly proficient technical experts with years of experience in blockchain technology. MEKE not only provides a professional-grade trading experience but also boasts a robust trading engine and highly efficient trading algorithms.

Since the early stages of MEKE’s development, the founders, drawing upon the team’s combined expertise of nearly a decade in the financial markets, have been keenly aware of the immense potential in the cryptocurrency derivatives market. They firmly believe that this market is poised to surpass the value of spot trading by a significant margin. Over the past few years, the team’s unwavering dedication to continuous product research and comprehensive market analysis has further solidified their conviction in the vast opportunities presented by cryptocurrency derivatives.

In the cryptocurrency derivatives market, the average daily trading volume is nearly a hundred billion US dollars, indicating its significant scale and importance within the broader financial landscape. Perpetual contracts, in particular, have consistently outpaced spot trading in terms of trading volume, with more than double the activity observed in the past two years. However, when we consider the broader financial market trends, derivative trading markets typically outpace spot markets by a factor of tens to dozens. Taking the world’s largest oil market as an example, currently, the trading volume of WTI and Brent futures contracts on exchanges like ICE and NYMEX can reach several billion barrels per day, while global oil demand is approximately 100 million barrels per day. This indicates that futures trading volume surpasses daily oil consumption by over 25 times.

It is clear that the market potential for cryptocurrency derivatives remains largely untapped at present. While centralized exchanges continue to dominate the landscape of cryptocurrency derivatives trading, decentralized derivatives exchanges account for only about 2% of the total market share. From both the perspective of market demand for cryptocurrency derivatives trading and the structure of exchanges offering services for these products, decentralized platforms like MEKE undoubtedly hold substantial potential. The market is actively seeking solutions like MEKE to address this growing demand for decentralized trading options in the cryptocurrency derivatives space.

As a decentralized derivative trading platform, MEKE stands out with the unique and exceptional features that distinguish it from other platforms. Its most notable quality lies in providing the security and transparency of decentralized trading, all while offering a seamless and user-friendly experience comparable to centralized exchanges. Regardless of whether you are new to cryptocurrency trading or an experienced user, MEKE’s user-friendly interface enables the smooth execution of cryptocurrency perpetual contract trading. This remarkable accessibility and user experience empower MEKE’s market expansion, making it one of its key competitive advantages.

MEKE’s competitive advantages primarily arise from two main aspects. Firstly, the MEKE team has amassed years of technical expertise, dedicating meticulous efforts to refine the product and trading algorithms. The development of MEKE commenced around 2021, undergoing over two years of continuous improvement before recently reaching the launch phase. Secondly, MEKE places significant emphasis on selecting the most suitable blockchain for its deployment. Initially, when the ETH L2 network, Arbitrum, was introduced, MEKE chose to deploy on this network. However, considering the relatively smaller user base on Arbitrum, MEKE later made the strategic decision to shift its deployment to the Binance Smart Chain (BSC). Following extensive testing on BSC, the L2 network of BSC, known as OpBNB, was introduced. The MEKE team conducted thorough research on OpBNB, ultimately determining it to be the ideal network for deploying MEKE. OpBNB stands as the latest L2 solution developed by core Binance ecosystem engineers for the Binance Smart Chain, offering substantial support with a considerable user base. From a technical standpoint, OpBNB is capable of achieving 4500+ TPS and offers transaction fees as low as $0.005 Gas per transaction.

Presently, MEKE has achieved successful deployment on the opBNB testnet and has undergone comprehensive internal testing. The internal testing phase of MEKE has demonstrated success and has also undergone a thorough audit conducted by CertiK, a prominent global blockchain security company. Furthermore, MEKE’s promotion and pre-launch activities have commenced in various global media channels. It is with official confirmation that MEKE is scheduled to initiate its public beta testing on July 31st at 7:00 (UTC).

Following the commencement of its public beta testing, MEKE extends a warm invitation to all users from regions that support cryptocurrency derivatives trading to actively participate. MEKE has thoughtfully prepared multiple generous rewards exclusively for users taking part in the public beta testing. By engaging in the MEKE public beta, users not only gain the privilege of experiencing MEKE’s cutting-edge trading platform early on and staying informed about the latest developments in the global cryptocurrency derivatives exchange, but they also stand a chance to receive unexpected surprises and rewards.

Backed by a trillion-dollar market and boasting an advanced trading design that ensures a seamless trading experience, MEKE holds a highly promising outlook. Even if MEKE were to capture just 1% of the entire cryptocurrency derivatives market in the future, its monthly profits would soar to billions.

Meticulously crafted by the team, MEKE is compatible with nearly all browser plugin wallets and mobile wallets available on the market, significantly lowering the entry barriers for users. The public beta testing of MEKE is scheduled to kick off on July 31st at 7:00 (UTC), and cryptocurrency enthusiasts can stay informed about the latest updates and testing progress by joining the official MEKE communities on Discord, Telegram, Twitter, and other platforms.

MEKE-related communities: Official MEKE Website | Discord | Telegram | Twitter 

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