Somehow this gets no views, yet $qto did almost 1 mil usd buybacks and the marketcap circ is much lower than you see on dex screener.
At some point @quanto gonna do a $hype $gp $bonk candle upwards just because their flywheel with burning and buying back the token will only accelerate the more people use it to trade memes on leverage or go long short on majors.
I can tell you one thing, non KYC perp Dex with good UI/UX, decent volume, decent open interest with a lot of upside on a token is exactly what whales like as they can just buy majors and giga long or short whilst $qto flywheel works in their favour.
Already been in a @notthreadguy stream and I can assure you @zhusu cabal has pull, especially in Asia, the new paradigm of crypto (yes, the race west vs east is on).
Most free trade on $sol but people are to lazy to do the research (again)
Not me
$QTO @QuantoTrade perpetual non KYC dex (rebrand OXFUN)
quantoL84tL1HvygKcz3TJtWRU6dFPW8imMzCa4qxGW
I bought a bag of $QTO, reasoning below:
Let’s compare it $Hype, $dYdX, $Aevo, Level Finance.
Quanto $QTO
$43M daily volume
$7.5M open interest
No KYC
Source:
Fluctuation obviously, but I took today, which is slightly below average, I assumed this looking at the data (not a lot of data spots though, that's what happens when you are early, we need upwards volume and OI over time)
Let's assume any market cap <$30M for $QTO
Hyperliquid ( $HYPE )
- $12B daily volume
- $10.6B open interest
- Token launched late 2024
- Market cap: ~$15B
- On its own L1
Basically, the Uniswap of perps now
They own ~75% of the on-chain perp DEX volume.
$dYdX
- $500M volume
- $180M OI
- FDV: ~$1.5B
- On $atom
- Battle-tested, but fading slightly in hype
Still a strong player, but not dominating anymore.
$Aevo
- $60M volume
- $25M OI
- FDV: ~$500M
- Perps + options
- Optimism-based
Kinda underrated, but volume still not explosive.
$lvl
- $15M volume
- $5M OI
- FDV: ~$75M
- On $BNB chain
OG DEX with loyal fans
Small but solid.
Compare this to a new (rebranded, shiny) player $QTO, advised by @zhusu $QTO (could use his network to get exposure on X etc, for example @smartestmoney_ one of the best if not best perp traders in crypto follows @QuantoTrade and there are others like @GiganticRebirth)
If FDV is <$30M, then:
- Volume/FDV = 1.4x to 4.3x
- OI/FDV = 0.25x to 0.75x
Based on source:
That’s better than Aevo, Level, and dYdX on a per-dollar basis.
Even stacks up surprisingly well next to Hyperliquid.
Now, $hype is clearly the king, and that won't change anytime soon.
- $12B vol on $15B market cap = 0.8x
- $10.6B OI on $15B = 0.7x
Insane liquidity + usage. Institutions, whales, degens—all in.
But $QTO is showing similar ratios at a microcap scale.
Besides all of this, they are currently buying back tokens daily, basically buying the equity.
They bought back 506k usd as of now, still + 200k usd in their wallet: JBShwQbkqq9dUM6VCKHT5hiWF6hiD7VgxTbkCGsgWXSw
- 21% supply is in a custody wallet
- Team has a 20% alloc vested.
- 20% alloc is reserved.
If they don't sell any of this, just as the buyback wallet then 67% is out of circulation, so circ mcap is give or take 33% -> = 0.33 x 18.2 = 6m usd (lol)
Another good thing is that the UI is actually really great, and some perp trades I know really enjoy the smoothness of the platform.
Obviously, there are some risks with failed/mismanaged projects in the past, that's why I think it's currently flying at a much lower mcap.
Bottom line:
My thesis is that if Quanto’s numbers are organic and sustainable, it’s undervalued compared to Aevo, Level, and maybe even dYdX.
If they keep growing, this could be the best low-cap perp DEX play right now.
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