Prediction markets + on-chain perpetuals = the ultimate PMF of this cycle First came @liquidtrading Then @trycoinpilot Now @BasedOneX has announced a new round of funding: $11.5 million Series A Led by Pantera Capital, with participation from Coinbase Ventures, Wintermute Ventures, and Karatage In a cycle of liquidity retreat and a frozen primary market, the heavy bets from top institutions and leading market makers are significant market signals in themselves. The era of fat frontends is arriving. The suspense lies in - who will be the ultimate winner?