Watch on YouTube · the figures on screen (JSON) · every claim and how it resolved
You can trade oil, gold and Nvidia on Cardano now. Strike Finance lists 31 perpetual contracts, and 20 of them track things outside crypto.
First, the scorecard. We said more than 66.0 percent of Cardano blocks still carry a script on October 3. It measured 84.2 percent, so we got that one right. That puts the running record at 12 right, 5 wrong, 1 void.
A perpetual contract lets you bet on a price going up or down without owning the thing itself, and with no expiry date. Cardano has a perpetuals market: Strike Finance lists 31 contracts, all trading right now. Not all of it is crypto. 20 of those contracts track things outside crypto, like oil, gold and Nvidia.
A funding rate is the rent one side pays the other for staying where it is, so it says which way the crowd is leaning without anyone having to guess. On ADA itself, longs are paying shorts 35 percent annualised — so it is the long side that is crowded here today. The extreme today is NIGHT, where longs are paying 315 percent annualised to keep the position on. A number like that is not a forecast — it is the cost of a crowded trade, and it is being paid hourly. Across the board, 10 markets have longs paying, 3 have shorts paying, and 18 are flat. One caveat worth stating: this shows the rate, not the size behind it. It is what a position costs, not how much money is standing on either side. Why it matters: markets on real-world prices are one way a chain pulls in traders who were never crypto-native, and the funding rates show which way they lean.
Also today. ADA is at 24.5 cents, down 3.8 percent on the day — up 18.7 percent over thirty days and down 4.5 percent on the week. Since the last episode it has moved down 4.1 percent.
One more thing. DJED, one of the dollar stablecoins on Cardano, is trading at 1.0158 — 1.58 percent above its peg, the one-dollar price it is built to hold. A stablecoin is a token built to stay worth one dollar. At the same moment, on Liqwid, a lending market on Cardano, people lending out DJED are being paid 24.8 percent, on about 324.2 thousand dollars of room left in that market, with 90 percent of it already borrowed. So lenders are paid 24.8 percent on a coin trading 1.58 percent over its dollar. Both numbers are on the screen; the reading is yours.
Now the prediction. Today's claim: ADA longs are still paying shorts on Strike seven days from now. It stands at 34.52 percent as this is recorded. We'll score it on October 10, automatically, against the same measurement — and if it's wrong, it stays on the board as wrong. Think we've got it wrong? Reply yes or no under the first comment - your call gets scored too.
Running record: 12 right, 5 wrong, with 1 void. Every call we make is scored in public, the wrong ones included. New here? Start with the guide linked below. Strike's market data is free on our site, linked below. See you tomorrow.