The Degen Hub
This is where you often heard of those mind shattering 100x ~ 1000x growth in months
Decentralized, free market, and crimes
On-chain trading is a different beast from anything a traditional trader have ever, and will ever faced. The power of mindshare, virality, and lack of regulation make trading on-chain very risky, unpredictable, yet yielding unsurmountable potential reward.
In futures trading, you're advised to limit the number of trades you take per day. However, on-chain trading is the one instance where locking in, scouring trending news, and spending extra time at your terminal and on social media can genuinely pay off.
Getting Started
If you're new to on-chain trading, here's what you need to know:
- Determine which chain you're going to trade in: More participant in a chain, more liquidity it will have. Currently Solana and BNB is a very popular choice.
- Tools and terminal: While it's possible to trade directly on your wallet, it is recommended to trade with terminals or bots. Most terminal comes with MEV protection and their own set of useful tools.
- On-chain trading is a social game: Good tech without strong social presence will struggle with mindshare, conversely a meme coin without any use-case can easily gain traction if it got notice by many peoples, and especially if it was mentioned by a prominent figure.