Bond Market OPNX Platform Struggles on Launch Day

According to reports, the bond market OPNX platform founded by Zhu Su et al. performed poorly on its first day of launch, with spot and perpetual derivative trading volumes of only $13.64 in the first 24 hours. The CEO of the company, Leslie Lamb, stated in a subsequent tweet that after the FTX incident, we have conducted in-depth thinking and reassessed what establishing liquidity should look like. This means not relying on internal market makers, nor prioritizing external market makers. That’s why we started with minimal liquidity.

The 24-hour trading volume of spot and perpetual derivatives on the OPNX platform is only $13.64

The bond market OPNX platform founded by Zhu Su and colleagues had a rough start on its launch day, with spot and perpetual derivative trading volumes reaching only $13.64 in the first 24 hours. Leslie Lamb, CEO of OPNX, took to Twitter to explain that the company had reevaluated its approach to establishing liquidity after the FTX incident.

Introduction

– Explanation of OPNX launch
– Brief overview of trading volumes
– Reference to Leslie Lamb’s tweet

What is the OPNX Platform?

– Overview of the OPNX platform
– Explanation of its purpose as a bond market
– Benefits of using the platform

The Background of OPNX

– Zhu Su and colleagues’ vision for OPNX
– The development of the platform
– How it differs from other bond markets

The FTX Incident and Its Impact on OPNX

– Explanation of the FTX incident
– How it affected OPNX
– The evaluation of liquidity

Reevaluating Liquidity

– What is liquidity?
– The importance of liquidity in trading
– Why relying on external or internal market makers can be risky

An Examination of Trading Volume

– Details of the trading volumes during launch
– Comparison with other bond markets
– Possible reasons for low trading volumes

Future Prospects for OPNX

– Plans for the future of the platform
– Possible strategies for improving trading volumes
– Advantages of using OPNX compared to other bond markets

Conclusion

-A summary of the article
-Opinions on the future of OPNX
-A call to action for investors to consider using OPNX.

FAQs

1. What is OPNX?
-OPNX is a bond market platform founded by Zhu Su et al. that aims to provide liquidity and accessibility to traders.
2. What is the FTX incident?
-The FTX incident was an event that affected the cryptocurrency market in May 2021, when a derivative exchange experienced a technical error that led to a significant drop in trading volumes.
3. What makes OPNX different from other bond markets?
-OPNX aims to provide “minimal liquidity” by avoiding reliance on external or internal market makers, instead focusing on establishing a balance between buyers and sellers during trading.