The next wave of traders on @entropyIO might not even be crypto users.
They might just want to trade Anthropic ahead of its IPO.
Anthropic OI grew by $20M this weekend alone. As the IPO gets closer and attracts more attention, I think this market could reach a much bigger audience than CT.
That’s a much bigger opportunity in my view. Build a market around something people outside our bubble already care about, rather than another token only we recognise.
#1 on X for @QFEX posts.
62 posts. 94K views. 789 likes. #7 overall for QFEX content.
And this isn’t fake hype. None of those posts were made for rewards. I’m genuinely very bullish on this perpdex, still farming it and sharing my farming strategies with you.
Attention is shifting from crypto to RWAs. QFEX focuses exclusively on TradFi assets, and that’s exactly what got me interested.
It’s now #8 on DefiLlama by open interest, with $181M OI.
Polymarket already has two markets for it: when the token will launch and its FDV one day after launch.
The second one caught my attention. The $500M FDV outcome is already priced at 38%. There aren’t even points yet, and people are already bullish.
Yes, volume is still tiny, so it’s too early to read much into those odds.
With the Loss Refunds program running, now is a good time to be active. You can run a delta-neutral strategy against venues like TxFlow or Variational, which also offer TradFi markets, by taking equal-sized opposite positions in the same asset.
If you haven’t joined yet, my link gets you 10% off trading fees:
qfex.com/@r7701d09
P.S. This is @muarmemuar’s site. Check your own contribution, link below.
Back in early October, the @QFEX founder announced that QFEX Season 0 was underway, with early trading activity, product feedback, and community engagement being tracked retroactively ahead of the points program launch
That's why I built a second checker called Proof of QFEX, where you can see your contribution to the growth of this perp DEX through X activity - the community engagement part
I'm strongly against perp DEX meta turning into InfoFi, but I do believe there's a positive side to it when traders, airdrop farmers, and other users share the products they actually use publicly (in our case, on X). It benefits the perp DEX itself, its FDV, and the size of its airdrop. No perp DEX has ever succeeded without a community, and none ever will
Disclaimer: This checker does not guarantee you any airdrop or points from QFEX for your activity on X. It's created purely for fun. So please don't start spamming X with QFEX mentions in hopes of getting an airdrop or earning points for it
So feel free to check your stats and share them on X: proofofqfex.fun/
I'm bullish on the RWA meta for 2027-2028. Right now, QFEX is among the top 10 exchanges by RWA perps OI, and there are only three perp DEXs in that ranking: TradeXYZ, Variational, and QFEX. There's not much attention from CT yet since they haven't launched their points program. But once they do, I expect things to play out just like they did with Variational. It had been available for trading throughout 2025, but the real influx of users only came after the points program launched in December 2025
So if you're not trading on QFEX yet, here's a 10% fee discount: qfex.com/@muar
Btw, what other X activity checker would you like to see?
Entropy hit $100M OI.
A little over 2 months. Just 12 markets.
Its biggest market, Anthropic, has $77.6M in open interest, the highest across all exchanges.
For context, OI two months after their initial mainnet beta launches:
Variational: $1M or less
Lighter: ~$20.5M
The numbers speak for themselves.
If you’re not on @entropyIO yet, it’s time to join.
This trader received 367k HYPE in the airdrop.
Today, his main wallet and linked trading subaccount have a combined portfolio value of around $9.8M.
And he’s shorting both Anthropic and OpenAI on @entropyIO.
The interesting part: the airdrop wallet and the trading account are different addresses. I checked the connection. The API confirms it’s his subaccount.
His main wallet has a ~$5.15M portfolio, with open GOLD and JPY positions on xyz markets.
His linked subaccount has another ~$4.66M and holds these positions on Entropy:
> ANTH short: ~$328K, +$58.3K PnL
> OAI short: ~$214K, +$18.9K PnL
Around $542K in pre-IPO shorts, currently at +$77K combined PnL.
A guy who received 367k HYPE and now has nearly $10M across his accounts is worth keeping an eye on. Especially when he’s holding over half a million in pre-IPO shorts on Entropy.
I’ll leave his main wallet and sub wallet profiles below.
A trader with over $8M in perp PnL is holding a $1.78M Anthropic short on @entropyIO.
I found another interesting wallet while digging through Entropy’s Social tab.
It’s labeled Amber Raven, with no linked X. Over $705M in total perp volume, and a sizeable position on io:ANTH.
His average entry implies a ~$2.02T valuation for Anthropic. The short is at +$224K PnL with 1x leverage.
The $8M PnL is across his entire perp account, not just Entropy.
Another large trader taking a position on Entropy’s pre-IPO markets.













