Trails.fm impacts on Zeta market

    Introduction

    This analysis delves into the influence of Trails Platform's recent launch on the Zeta market, as you read about in the following paragraphs.

    Trails is a user-friendly educational resource that provides step-by-step guidance and instructional videos for a smooth learning process.

    As a platform featured on Trails, I explored Zeta Market to assess the impact of Trails' launch on this particular marketplace.

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    Zeta on Trails
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    Zeta is a decentralized derivatives trading protocol built on the Solana blockchain. Its liquid, non-custodial, and under-collateralized trading system provides users with a streamlined and secure way to trade derivatives. By utilizing a decentralized exchange (DEX), Zeta enables users to execute lightning-fast orders and make bets on the future price of cryptocurrencies.

    Trails.fm features two tasks related to Zeta markets, which users must complete. The first task involves familiarizing oneself with the basics of Zeta markets. The second task entails depositing USDC on the Solana blockchain to Zeta markets and opening a position. Both tasks enable users to participate in Zeta markets and use the platform's decentralized derivatives trading protocol. By completing these tasks, users can better understand how to navigate the Zeta markets platform and engage in derivatives trading on the blockchain.

    Method

    I did not conduct a comprehensive analysis of all activities on Zeta markets. Instead, I focused solely on the actions available on Trails.fm that require user participation on the Zeta markets platform to earn XP. The first task involves depositing funds on Zeta markets. Users can only deposit USDC on the Solana blockchain via the Zeta markets platform. Once the deposit is confirmed, users can use the deposited funds to create a position on the platform.

    All volume charts are based on US dollars.