ETH broke through 4,200, hitting a four-year high 🚀

I have to say, @defidotapp's operational rhythm is really on point, it's hard not to become popular this time. At this critical moment, the @defidotapp iOS mobile perpetual contract has been launched.

Many friends may not understand that in the past few years, DeFi perpetual contracts have indeed been stuck in the quagmire of browser wallets and high gas fees, with the mobile experience almost monopolized by CeFi.

Using the @defidotapp iOS client, there's no need to top up Gas or switch networks, making it suitable for the current high-volatility market. In addition to being convenient on mobile, it has other advantages:

1. Cost efficiency: You can deposit stablecoins as collateral in Base while simultaneously opening ETH perpetual contracts in Hyperliquid, avoiding high gas fee peaks on the mainnet.

2. Structural Opportunities: ETH has just broken through a four-year high, and the market has $1.32 billion in short positions that are at risk of liquidation at any moment, which means increased volatility and more opportunities.

3. Triple Revenue Mechanism: Not only are there directional earnings, but you can also earn Hyperliquid points + DeFi App XP incentives, which are converted into real token value accumulation.

4. HOME Token: The DIP-005 buyback proposal has just passed. For every 1 $HOME unlocked, the DAO will buy back 1.5 tokens, with a cap of 187.5 million tokens (18.75% of total supply). As ETH volatility increases → perpetual trading volume rises → larger scale $HOME buybacks.

In July, the trading volume of DeFi perpetual DEX reached a historic high of 487 billion (+34%), with Hyperliquid alone liquidating 319 billion.

@defidotapp In July, the perpetual trading volume reached 1.3 billion, and the price of $HOME increased by 60% during the same period. These are all good performances.

I think that if the advantage of CeFi is a seamless mobile experience, then @defidotapp is bringing this experience to DeFi, while redefining on-chain transactions through a combination of "no Gas fees + cross-chain + token buyback."

This is not just about moving PC functionalities to mobile, but providing a complete value capture mechanism at a critical moment when ETH reaches a new high in four years.

I am very optimistic about the future development of @defidotapp📱

@DefiApp_CN #HOME