Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
More
Ethereum's Old Logic Is Breaking Down
In past crypto bull markets, the rule "Usage ↑ = Demand ↑ = Coin Price ↑" was nearly ironclad. But now this transmission chain is fracturing. While Ethereum dominates the global stablecoin market, it has failed to convert this advantage into value capture for ETH itself: holding USDC or USDT doesn't require holding ETH, and gas fees for smart contract interactions have been drastically compressed due to Layer 2 scaling.
The main variables driving ETH price have shifted from on-chain usage to capital flows. Who is buying and who is selling matters more than who is using it in determining price direction. This is a critical cognitive update that investors accustomed to the "Ethereum sees more usage, so ETH must go up" logic need to confront.