0xGrayMan 💢

I remember using Polymarket back in 2023. There was barely any liquidity or volume. Order books were practically empty, and there were only a handful of users. The biggest challenge any new exchange faces is the chicken-and-egg problem: without users, there's no liquidity, and without liquidity, there are no users. GMX was one of the first on-chain perpetual exchanges to address this problem with its innovative permissionless house LP model, where traders could trade against a shared liquidity pool rather than relying on traditional order books. This model has since become one of the standard ways to bootstrap liquidity for new perps exchanges. Prediction markets face the same problem. That's one of the biggest reasons why no new on-chain prediction market has been able to seriously challenge Polymarket or Kalshi. They already have the users, liquidity, and network effects. Now compare the volume charts of @Trueo_ and Polymarket. You can see that True's trading volume is starting to pick up following its partnership with @DefiLlama. More users are coming in, more volume is being traded, and liquidity is gradually building. If True can sustain this momentum and reach critical mass, the growth could become exponential, just like what we witnessed with Polymarket. base:0x21cfcfc3d8f98fc728f48341d10ad8283f6eb7ab is a 100x moonshot bet on the future of on-chain, permissionless, decentralized prediction markets. It doesn't need to dethrone Polymarket or Kalshi. Even capturing a small percentage of their market share could make it a billion-dollar product. That's the asymmetry I'm betting on.