Derivatives trading on-chain has really taken off, with big players like GMX seeing $166 billion in total volume, and Vertex Protocol not far behind at $72 billion. These numbers are still climbing, especially now that the market is on an upswing. Given this momentum, it’s no surprise that the idea of copy trading or managing assets on-chain is getting a lot of attention. However, not every platform aiming to innovate in this space has hit its mark or made a significant impact. Let’s look at some examples to see why they might not have reached their goals.
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Derivatives trading on-chain has really taken off, with big players like GMX seeing $166 billion in total volume, and Vertex Protocol not far behind at $72 billion. These numbers are still climbing, especially now that the market is on an upswing. Given this momentum, it’s no surprise that the idea of copy trading or managing assets on-chain is getting a lot of attention. However, not every platform aiming to innovate in this space has hit its mark or made a significant impact. Let’s look at some examples to see why they might not have reached their goals.