In just 12 months, the numbers speak volumes about decentralized perpetual trading momentum.

24-hour trading volume exploded from $15B to $32B—more than doubling. Open interest surged from $4B to $16B, a 4x jump that reflects serious liquidity depth. TVL climbed from $2B to $6B, tripling the capital locked in the ecosystem. Protocol revenue rocketed from $3.5M to $20M daily, showcasing genuine value extraction.

User growth kept pace—from 300k to 1.4M, that's a 4.6x expansion in the active trader base.

These aren't vanity metrics. When volume quadruples, interest quadruples, and revenue spikes 6x while the user base grows 5x, you're looking at healthy organic adoption. The ecosystem is attracting serious traders, fresh capital keeps flowing in, and the protocol is capturing real economic value.

That's the foundation of genuine bullish conviction.