There is a project on the Base chain that is indeed worth paying attention to—the perpetual contract DEX under RollX.

From a fundamental perspective, the current token price of ROLL is around $0.16. Just two days after launch, it has already shown many interesting features. With a market cap of approximately $12 million and a 24-hour trading volume exceeding $8.7 million, such trading activity is quite good for a new project. More notably, the circulating supply is only 15.5%, and the FDV has significant room for growth.

The project itself is a layer for on-chain perpetual trading, with the core selling point being the integration of a CEX-level matching engine combined with a DeFi self-custody model. It supports native BTC assets, up to 1000x leverage, and unified spot and perpetual collateral risk management—this architecture seems to aim at creating a Base version of Hyperliquid.

In terms of data, the total trading volume has already exceeded $29 billion, TVL remains stable at over $35 million, and the number of trades exceeds 340,000. Recently, they announced that V2 is about to launch, with plans to add zero gas fees and enhanced order book features.

Regarding the issuance mechanism, this project follows a 100% community fair launch approach, with no VC funding, no private sales, and no internal allocations. Core contributors have a one-year lock-up period. It has also passed Certik security audits.

Currently, just two days after the TGE, the airdrop selling pressure has mostly been released. Given the low circulating supply, if the project can maintain user engagement and trading volume within the Base ecosystem, this position is indeed worth continuous observation.