What a great time at $SUI Basecamp with @SuiNetwork this year! 🌊
Impressive to see how much is being built on the ecosystem right now. We also sat down with one of the founders of Hudi Perps (@tradeonhudi) for an interview.
Equity perps on chain are one of the most underrated things happening in crypto right now
Getting exposure to global equities is still way more complicated than it should be. weird trading hours, limited brokerage access, currency conversion, regional restrictions
@tradeonhudi is building around that problem, with a global focus and asia as the starting point, beginning with korea, japan and hong kong
We already got a preview of the demand for international equities with SK Hynix && other Korean stocks started getting traction on CT.
People genuinely wanted the exposure && were working around the friction to get it
Perps are where it gets interesting. Leverage, two-sided markets, real price discovery, actual liquidity.
That's a completely different product, and again, Hudi is rolling exacty this out...
This is where HUDI can actually work for people. Real global market access for anyone with a wallet
The access gap for Asian equities is so obvious && the demand is clearly there. it's time to close that gap permanently
Equity perps are going to be a much bigger market than people realize
Especially outside the US
There are so many Asian stocks that CT talks about but most crypto traders have basically zero convenience access to trade them
Hudi is starting with Korea, Japan and Hong Kong
And putting the whole thing onchain + 24/7
The idea immediately makes sense to me
They just announced their social trading app at Token2049, where you can see market takes and positions from other traders
Feels like a much more accessible way to get into stock trading, especially for retail - we've seen the success that other social apps have had and this fits a completely new demographic that has shown to be very interested in trading in the past
This has all the potential to get bigger and grow the crypto and trading pie
I've traded crypto for years and still barely pay attention to Asian markets. The main reason: I can't trade them!
One massive announcement out of Sui Basecamp: Hudi is bringing HKEX, TSE and KRX to 24/7 perps and putting the social/discovery layer right next to the trade.
Asia is just the starting point, their bigger vision is global markets.
listen to the crowd man as we moved to 1st place with under 1 minute
it was electric, feeling the energy from people all around the world in one place
if you were there watching in person or online thank you so so much! even though we couldn't finish the job, i was beyond happy for anyone on that stage to win 25k in just an hour
and having it be the legend trader mayne... no one better
we're all so grateful to the team at sui for putting on such a fun event, i wish you guys could have seen how professional and locked in the production team was behind the scenes
i believe this is only the beginning of trading entertainment and we all have front row seats
this trip has once again inspired me to take everything to the next level, im more motivated than ever