Prediction Market 2.0: Analyzing the Binary Options Market Limeless and the Tokenization Prediction Market PMX Mechanism
Tokenization prediction market PMX volume exceeds two million dollars
According to Dune data, the cumulative volume of the Prediction Market Exchange has exceeded 2.03 million USD. This is a tokenization protocol for prediction markets on Solana, and Meteora's official account has also posted to promote it.
Polymarket is currently the most famous prediction market, but funds are mainly locked within Polymarket and cannot be easily moved elsewhere. PMX turns each outcome (YES/NO) into a Token that can be freely traded on DEX. At the same time, similar to the market-making mechanism of on-chain contract exchanges introduced earlier, PMX also allows users to be the house and provide liquidity. For each transaction, a 1% fee is charged, and the distribution is as follows:
40% given to LP.
10% allocated to the creators of the prediction market topics.
50% to the platform PMX.
(Are we heading towards the post-Hyperliquid era? From the perspective of liquidity and risk disaggregation in the development of decentralized exchanges)
The cryptocurrency binary options market Limeless is full of arbitrage opportunities.
Limeless can be seen as a binary options market. For example, the following image allows you to bet on whether Solana's price will exceed 229.79 USD on October 3 at 09:00 UTC. Its characteristic is to focus on predicting coin price fluctuations, with very short expiration dates, creating arbitrage opportunities when paired with other financial derivatives.
Currently, the Litemless Token $LMTS is in presale on Kaito. The project is led by 1confirmation (Coinbase and Polymarket investors ), with other investors including Coinbase Ventures, Maelstrom Capital, Collider Ventures, Paper Ventures, Public Works, Punk DAO, Node Capital, WAGMi Ventures, and Collider Ventures.
This article Prediction Market 2.0: Analyzing the Binary Options Market Limeless and the Tokenization Prediction Market PMX Mechanism first appeared in Chain News ABMedia.