I’ve never felt such a great opportunity—during this Ethereum: 0x232ce3bd40fcd6f80f3d55a522d03f25df784ee2 pullback, I’ve almost fully accumulated my LIT, buying the most today and placing my biggest bet. Lighter has reached new all-time highs in profits and buybacks, while a neighboring CEX was hacked, HYPE received a green light in the U.S., and Lighter plans to apply for U.S. Perps + Options licenses in November. Yet LIT, possibly due to its altcoin status, has dropped significantly—I believe it’s been unfairly sold off amid strong fundamentals. Hype is undoubtedly the leader in Perps, but for me, LIT represents the best non-consensus opportunity. Today has been a great day.

Group members' reactions to crypto market or Bitcoin price fluctuations: (My reaction time is a bit longer—just replace 15 minutes with 30 minutes to reflect my actual response time.)

Facts about RWA assets on-chain you need to know: In 2026, the total value of RWA assets on-chain grew from $18 billion to $34 billion, an increase of around 90%—that’s already pretty fast, right?! But the open interest (OI) of RWA contracts surged from $200 million in 2026 to $20 billion, a 10,000% increase, and continues to grow. The total market capitalization of the U.S. stock market is approximately $753 trillion. Just imagine—if crypto captured only 1% of the U.S. stock market share, there would still be dozens of times more room for spot RWA assets to come on-chain. At that point, how massive could the RWA perpetuals market become? It’s truly unimaginable.

Regarding Predict’s valuation, is $2B pre-market high? Honestly, I think at this stage, it’s normal—and even a bit low. The main reason is Predict’s revenue: it’s currently generating nearly 80 million per day. For context, Lighter’s daily revenue is only around 15 million, while LIT’s FDV sits between $3B and $4B. Moreover, as @ricardogee pointed out, Predict’s revenue isn’t fabricated. Having operated as a market maker on Predict ourselves, we know that users trying to game the system by simply taking orders to rack up points is the dumbest strategy—it leads to massive losses. On Predict, bots simply can’t contribute fees to earn points. The only possible explanation? An increase in genuine users and capital, leading to higher taker volume—and thus higher revenue. This stems from Predict’s product, distribution channels, and market efforts (and let’s be honest, competitors are falling further behind). Additionally, I suspect Predict’s circulating supply at launch is smaller than LIT’s, meaning its FDV relative to circulating supply should be significantly higher. So $2B is low. Yeah, I’m hoping for a $5B pop at launch—I’m hungry and want to sit down for a good meal this Lunar New Year.

Now, not only DeFi projects are using revenue to buy back and burn tokens, but DePIN projects like Aethir are also launching buyback and burn programs. It’s great to see more and more Web3 projects tying revenue and cash flow to their tokens, moving beyond the early days when tokens were seen as mere air and storytelling. Please,_ARB_ team, take note—save yourselves!

Think about it—the MegaPop mechanism at PopDEX @popdex_ isn’t just applicable to PerpDEX; it can be used in many other places too, ahem, like my own future products 👀 That’s the beauty of blockchain! On-chain reward pools combined with anything can launch into orbit—though trading products naturally benefit the most by driving faster and larger fee recirculation. After studying PerpDEX for so long, I’ve felt the entire Perp sector has been somewhat stagnant over the past six months—but finally, PopDEX shows a glimmer of innovation. I still believe Perps remain a strong赛道; either we open the door to regulatory compliance in the U.S., or we build superior product incentives and user retention offshore. The former? Those who know, know. The latter? So far, only PopDEX has demonstrated it.

PopDEX’s approach to Perps is fascinating—it incentivizes genuine traders through a reward pool, creating a self-sustaining positive cycle that can be initiated with just 15 WU. This is vastly superior to the积分-based PUA schemes still used by several failed Perp platforms.

Holy shit, there are so many Web3 scammers—thankfully I stayed cautious, or else all my assets would’ve been wiped out in one click, and all the LIT I worked so hard to accumulate would be gone. It started when @hanj1ang, a scammer posing as a Research Lead at LD Capital, privately messaged me saying LD had some part-time research opportunities I could join. I thought, “That sounds great.” But throughout the whole process, I had doubts—their homepage had random, unnecessary AI reposts, and what even is “Web3 enthusiast” as a title? Still, the communication felt perfectly natural and sincere—there was no obvious red flag. Sure enough, they eventually sent me a fake Google Workspace link and asked me to click it. Luckily, I double-checked with others before clicking—even reached out directly to their supposed boss, Mr. Yi—and confirmed it was a scam. They’re ruthless. I previously lost nearly 100,000 in crypto because I clicked a phishing link. Remember: in the dark forest of Web3, never click on links from strangers!

I previously viewed Lighter too much through a speculative lens, causing my emotions to swing wildly with the price fluctuations of ethereum:0x232ce3bd40fcd6f80f3d55a522d03f25df784ee2, constantly trying to outmaneuver VCs and team holdings. But after dinner with the team, it’s time to shift from a “speculative trading” mindset to a “long-term investment” one. Whether the price rises or falls, I have no reason to sell—and if it drops further, I can even buy more. If I look further ahead, over the next few years, regardless of who is in power or who becomes president, the integration of crypto with Wall Street is an unstoppable trend. Identifying assets within this trend is the best strategy. If Hype is the new BNB, then LIT is the new HOOD.

Predict’s year-end bonus is coming—hope to be at the table for dinner by year-end! Back in July, when I provided liquidity to Predict, poor strategy design left me vulnerable to order book taker manipulation—I lost 4.2 Wu in just 15 minutes. I was alone on Dongsheng Island when I got the news; I was stunned. My brother apologized, and I felt terrible too, but I had to accept the reality and acknowledge our risk management failure. Market making in prediction markets is incredibly tough—most of the time, you pay to earn PP. But thankfully, everything has passed. We’ve kept costs under control within acceptable limits, and Predict’s product, data, and OTC market cap have steadily grown. Plus, with the recent drama surrounding OPN, I think PRE could be a pleasant surprise—now it all depends on how big Ding’s vision is in the next month. Wait. Accept.