Research Summary
The report discusses the potential of Fulcrom ($FUL), a decentralized perpetual exchange on Cronos Chain and zkSync. It highlights the platform’s low fees, accurate pricing, transparency, and leveraged trading. The report also emphasizes Fulcrom’s innovative features such as social trading and circuit breakers for volatility protection.
Key Takeaways
Fulcrom’s Market Potential
- Perp DEX Growth: The report highlights the growth of the Perp DEX sector, with Fulcrom’s TVL reaching $2.6B. The trading volume, fees, and user base have been increasing since October.
- Top Perp DEX on zkSync: Since moving to zkSync in September, Fulcrom has become the top Perp DEX on the platform. It also boasts the cheapest trading fee of 0.07%.
Fulcrom’s Unique Features
- Social Trading: Fulcrom allows users to follow and copy trades of experienced traders, providing a learning opportunity for novice traders and fostering community interaction.
- Circuit Breaker: This feature temporarily halts trading during volatility to protect users against significant losses and irrational trading decisions. It benefits traders by allowing them time to re-evaluate strategies during volatility and benefits FLP holders by stabilizing FLP status and preventing liquidity loss.
Fulcrom’s Evolution
- Significant Traction: Fulcrom has gained significant traction as a new Perp DEX platform on zkSync, surpassing $500 million in trading volume since its launch in early 2023.
- Multi-chain Expansion: Fulcrom started on Cronos Chain and is now expanding to zkSync with plans to become a multi-chain perpetual exchange.
Actionable Insights
- Investigate the Potential of Fulcrom: With its impressive growth and innovative features, Fulcrom presents a compelling new option in the Perp DEX landscape. However, traders should exercise caution when using leverage.
- Consider the Benefits of Social Trading: Fulcrom’s social trading feature allows novice traders to learn from more experienced ones, which could be a valuable resource for those looking to improve their trading skills.
- Understand the Protection of Circuit Breakers: Fulcrom’s circuit breaker feature provides a level of protection during market volatility, which could be a significant advantage for traders in turbulent market conditions.
