⚡️Since its launch a month ago, Boros has been moving at a very fast pace.
According to the official data released yesterday, during the short soft launch phase, it has already delivered an impressive report card:
🔸Cumulative nominal trading volume close to $950 million
🔸Open interest has surpassed $60 million
🔸Annualized protocol revenue of $730,000
🔸Active users exceed 11,000
It's worth noting that Pendle V2 took over a year to reach the same scale, while @boros_fi achieved this in just a month and a half!
This indicates that there is a real demand in the market for funding rate trading. Especially after the launch of Hyperliquid trading pairs, the arbitrage opportunities have increased, and the growth of funds has become noticeably more active.
To support more participants entering the market, Boros is continuously adjusting parameters: OI limit doubled, treasury limits raised, and Hyperliquid leverage increased from 1.3x to 2x.
In other words, the stronger the market demand, the more Boros will expand its capacity and efficiency accordingly!
When we broaden our perspective to the entire market, we can better understand Boros's potential—
Currently, the daily perpetual market size in the crypto market has open interest exceeding $200 billion, with daily trading volume reaching $250 billion, which is 10 times that of spot trading.
And Boros has only tapped into 0.03% of this pie. Even if its market share in the future is only 3%, it would mean:
📍$5 billion in OI
📍$7.3 million in annualized revenue
This is a truly "new financial vernacular" level opportunity!
And all of this will ultimately flow back to $PENDLE—because Boros will not issue its own token; the protocol's revenue and value accumulation will be settled within the Pendle system.
This is also why I often say that Pendle has not yet finished its story.
From an obscure protocol to now the world's largest yield trading platform, Pendle has completed the first stage of value discovery: $PENDLE has risen from a few cents to over $5.
But the new stage has just begun.
The success of Boros means that @pendle_fi has officially entered the second value discovery cycle—a true value discovery cycle belonging to the interest rate market.
Many people have not yet realized this, but this is precisely the most fascinating aspect of the growth of value tokens:
Prices may lag, but value will continue to accumulate.
Of course, for many newcomers, the more practical question is: how exactly should one use it?
If you don't know where to start, you can first check out a few Boros tutorial collections I previously organized. Running through the basic logic and operational paths will give you a more intuitive understanding of why funding rates can be traded, how arbitrage logic is implemented, and how you can use Boros to make money:
👉 "YT vs YU: Understanding Pendle and Boros's Funding Strategies in One Article!" https://x.com/BTW0205/status/1964521312657018928
👉 "How to Calculate Boros's Yield?" https://x.com/BTW0205/status/1961620194620854732
👉 "How Can BTC/ETH Holders Use Boros for Wealth Management?" https://x.com/BTW0205/status/1956237907574055261
👉 "Pendle Boros Practical Guide" https://x.com/BTW0205/status/1954004619627225302
Additionally, Boros has now opened a referral mechanism. Register using my invitation code to enjoy a 10% swap fee discount!
👉 https://boros.pendle.finance/join/BITWU
Pendle #Boros @tn_pendle
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
