We firmly believe that RubyDex is positioned for success because of several strategic advantages and opportunities in the marketplace:
1. Unique Positioning in the Market: RubyDex is strategically placed at the intersection of traditional finance and the burgeoning DeFi sector, with the ability to offer perpetual contracts for traditional financial assets on a decentralized exchange. This innovative blend of finance paradigms is something few, if any, other DEX platforms currently provide. It offers the potential to tap into the vast global financial markets, where the total value of publicly traded securities alone reached approximately $94 trillion in 2020. Within the commodities market, a single asset such as gold already accounts for another $7.3 trillion. By bridging the gap between traditional finance and the crypto world, RubyDex is poised to unlock a significant portion of this vast potential market.
2. High Leverage Trading: With the provision of high-leverage trading of up to 1000x for forex pairs, RubyDex caters to a unique niche of sophisticated traders who are looking to maximize their returns. Given that the global forex market, known for high-leverage trading, averages a daily turnover of more than $6 trillion, there's a sizable market for high-leverage trades in the crypto space.
3. Diverse Asset Offering: The versatility of assets available on RubyDex, including non-crypto assets and NFTs, broadens our user base and makes our platform more appealing to a wide array of investors. With many analysts predicting the NFT market growing to over $80 billion by 2025, and the market for traditional asset classes being several orders of magnitude larger, RubyDex's diverse asset offering unlocks immense market potential.
4. Multichain Deployment: By deploying on multiple chains, RubyDex can capture liquidity and users from various ecosystems, thereby increasing its total addressable market. As the DeFi space grows across various blockchains, this multichain approach could prove advantageous.
5. Seamless Access: By offering a seamless, no-KYC trading experience, RubyDex eliminates a significant barrier to entry that often discourages potential participants in the DeFi space. This ensures a smoother user experience and opens the doors to a global audience.
6. Growth of DeFi: Lastly, the continued growth and increasing interest in the DeFi space provide a supportive backdrop for RubyDex's success. According to DappRadar, the total value locked in DeFi protocols across the blockchain industry was about $178 billion in February of 2022, down from its peak but still expected to undergo much more explosive growth.
Given these strengths, along with our commitment to continuous innovation and user-focused design, we're confident in RubyDex's potential to succeed in revolutionizing the landscape of decentralized exchanges.