Will the on-chain super trading terminal become the new trend as o1.exchange's trading volume surpasses 200 million USD?

In the past few years, on-chain trading markets have undergone continuous evolution—from AMMs to aggregators, and then to perpetual contract platforms. Whether it’s Uniswap, Jupiter, or Hyperliquid, behind every product upgrade lies one core change: shifts in users’ trading needs.

After 2026, a new direction has started to draw market attention. More and more projects are no longer satisfied with a single product; they are trying to integrate spot trading, derivatives, Prediction Market, and automated strategies into a unified interface, aiming to build an on-chain trading platform similar to the traditional financial Bloomberg Terminal.

o1.exchange is one of the representative projects in this space. According to data disclosed in the official white paper, since the launch of its Beta version, the platform’s cumulative spot trading volume has exceeded $220 million, the total number of trades has surpassed 3 million, registered users have reached about 400,000, and it has completed a $4.8 million seed round.

As product boundaries continue to expand, a new question is emerging: will on-chain super trading terminals become a major trend in the next phase?

o1.exchange is rapidly expanding its user base

For a protocol still in its early stage, the speed of user growth often says more than the token price. Compared with short-term market hype, sustained growth in trading behavior more accurately reflects the platform’s real demand.

According to the official white paper, seven months after the Beta version went live, o1.exchange’s cumulative spot trading volume has already exceeded $220 million, with the total number of trades reaching 3 million and the registered user base reaching about 400,000. At the same time, the project has also raised $4.8 million in seed funding, with investors including Coinbase Ventures, AllianceDAO, and Amber Group.

In addition to the official figures, Token Terminal shows that, to date, the platform’s total historical trading volume has reached $244 million. While this still lags behind leading protocols such as Hyperliquid, for a new project that hasn’t been around for long, this growth rate is already fairly competitive.

Compared with projects that rely on high incentives to attract users, o1.exchange places more emphasis on trading activity itself. The platform builds user stickiness through rebate mechanisms, a points system, and advanced trading tools, aiming to form a more stable trading ecosystem.

From DEX aggregators to Onchain Everything Exchange

If you only view o1.exchange as a DEX aggregator, you may underestimate the project’s true positioning. Over the past few years, most aggregators have mainly addressed the issue of fragmented liquidity. What o1.exchange is trying to solve, however, is the fragmentation of trading entry points.

According to official materials, the project is positioning itself around “Onchain Everything Exchange,” aiming to build a unified platform that can support spot trading, perpetual contracts, and Prediction Market. From a product perspective, this model is no longer limited to traditional DEXs; it is closer to a comprehensive trading terminal.

Currently, the platform already supports multiple public chains including Base, Solana, BNB Chain, Ethereum, and Arbitrum, and aggregates more than 100 sources of liquidity. For users, this means they don’t need to frequently switch between different chains and trading platforms, and they can get a more unified trading experience.

Meanwhile, o1.exchange has also integrated Hyperliquid to provide perpetual contract trading capabilities, and is gradually incorporating Prediction Market resources such as Kalshi. As different asset categories begin to appear on the same interface, the platform’s role is shifting from a simple Swap tool to an on-chain comprehensive trading entry point.

Prediction Market is becoming a new competitive direction

Prediction Market is becoming one of the key narratives in the crypto industry in 2026. In the past few years, Prediction Market has often been regarded as a niche track. But as platforms such as Polymarket and Kalshi continue to grow their user bases, more and more projects are starting to pay renewed attention to this area.

For o1.exchange, putting Prediction Market alongside spot and perpetual contracts on the same interface essentially expands users’ trading scenarios. Users can not only trade assets such as BTC and ETH, but also trade predictions around macroeconomic topics, sports events, and even other types of events.

The change brought by this model is that the dimensions of competition for the platform are no longer limited to Swap efficiency; they are gradually extending to more diverse trading needs. Compared with single-product offerings, comprehensive trading platforms are more likely to build user stickiness.

In the long run, if Prediction Market continues to expand its market size, platforms with a unified entry point may gain more advantages. This is also why more and more projects are trying to integrate different asset types into a single trading system.

Automated strategies and AI tools may be the focus of the next phase

In addition to expanding product categories, automated execution capability is another direction that o1.exchange has been emphasizing recently. As market competition intensifies, simply providing a trading interface is no longer enough to create sufficient differentiation.

According to official materials, the platform already supports advanced features such as limit orders, TWAP, Sniping, and MEV Protection, and continues to strengthen its Execution and Automation capabilities. From the design perspective, its target users are no longer limited to ordinary Swap users; instead, it is gradually moving toward professional traders.

This approach has some similarities to quantitative trading platforms in traditional finance. For professional traders, the importance of execution efficiency and strategy tools often outweighs that of a trading interface alone, and automation can further improve execution efficiency.

As the AI Agent concept keeps gaining momentum, more and more market participants are paying attention to automated trading and intelligent execution. AI may not directly replace traders, but it is likely to become an important supporting tool for strategy generation and execution—potentially a key competitive direction for on-chain trading platforms in the future.

Will on-chain super trading terminals become a new trend?

In the past few years, infrastructure competition in the crypto market has gone through several stages. From centralized exchanges to DEXs, and then to aggregators and perpetual contract platforms—each product upgrade corresponds to changes in user needs.

As on-chain ecosystems continue to expand, the range of asset types and trading scenarios users face has become increasingly complex. Spot, perpetual contracts, Prediction Market, and automated strategies are gradually forming new demands, and frequent switching between different platforms obviously reduces trading efficiency.

More and more projects are trying to integrate different products into a single interface. This idea is actually somewhat similar to the development path of traditional finance. Whether it’s Bloomberg Terminal or institutional-grade trading terminals, their core value lies in improving information and execution efficiency.

Against this backdrop, the “Onchain Everything Exchange” concept proposed by o1.exchange may very well represent the direction of the next phase. In future market competition, the focus may no longer be on who has higher TPS, but on who can become the unified entry point for users to access on-chain markets.

Will o1.exchange become the next Hyperliquid?

As of now, o1.exchange is still in an early stage. In terms of trading volume, user scale, and ecosystem influence, it still has a clear gap compared with leading protocols such as Hyperliquid.

However, in terms of product positioning, both are moving toward similar development directions—by continuously increasing trading scenarios to enhance user stickiness. The difference is that Hyperliquid is more focused on derivatives, while o1.exchange is trying to cover Spot, Perps, and Prediction Market at the same time, and builds competitive advantages through multi-chain aggregation.

Whether this model can work remains to be validated by the market. The on-chain trading infrastructure market is highly competitive, and user retention, liquidity depth, and product experience will determine the project’s future room to grow.

But looking at industry evolution trends, the competitive space for single-function platforms is gradually shrinking, while the importance of comprehensive trading terminals continues to rise. For investors, what’s truly worth paying attention to may not be short-term token prices, but whether on-chain trading infrastructure is entering a new competitive stage.

Summary

With cumulative trading volume surpassing $200 million and its user base reaching 400,000, o1.exchange is gradually evolving from a DEX aggregator into a comprehensive trading terminal. From multi-chain liquidity aggregation to Prediction Market, and then to automated strategies and AI tools, the project is trying to build a unified entry point that covers more trading scenarios.

This way of thinking is somewhat similar to the development path of traditional financial Bloomberg Terminal. In the future, competition in the on-chain trading market may no longer be just liquidity competition, but also competition for the user entry point.

If more trading activity migrates on-chain, platforms that can simultaneously provide Spot, Perps, Prediction Market, and automated execution capabilities may become important foundational infrastructure in the next phase. And the on-chain super trading terminal model represented by o1.exchange could also become a new direction that the market pays attention to.

FAQ

How much trading volume has o1.exchange reached?

According to official data, since the Beta version went live, o1.exchange’s cumulative spot trading volume has already exceeded $220 million.

How many users does o1.exchange have?

As of now, registered users on the platform have exceeded 400,000, and the total number of trades has surpassed 3 million.

Which public chains does o1.exchange support?

Currently supported ecosystems include Base, Solana, BNB Chain, Ethereum, and Arbitrum.

Why is Prediction Market drawing attention?

Prediction Market is becoming a new trading scenario, and more and more platforms are integrating it with spot and derivatives trading.

Will o1.exchange become the next Hyperliquid?

There are similarities in their development directions, but o1.exchange places more emphasis on multi-chain aggregation and its Prediction Market strategy.

Will on-chain super trading terminals become a future trend?

As trading demand becomes more complex, unified entry points, multi-asset trading, and automated execution capabilities may become important development directions for on-chain trading platforms.