$SPACE #SPACE @intodotspace @cookiedotfun

I find the Space project quite interesting, it feels like a hard merge of Polymarket and Hyperliquid.
In simple terms, it means making leveraged predictions on Solana. You can bet with 10x leverage on events like "Will BTC break 100,000?" This essentially turns a 1:1 prediction into a high-risk, high-reward trading tool.

The data looks good, with a TVL exceeding 5 million USD and a monthly trading volume over 100 million. The team has also received grant support from the Solana Foundation. Recently, the Alpha event by Cookie DAO rewarded 110,000 USD, indicating that the project team still has funds to burn.

However, I think there is a problem with this model: leveraged prediction essentially adds leverage on top of gambling. Although Chainlink oracles are used to ensure fairness, whether market depth and liquidity can support high-leverage trading is still a question.

The distribution of the $SPACE token is still reasonable, with 50% allocated to the community and the team only taking 20%. The current price is around $0.008. If you want to give it a try, you can go to their DApp and connect your Phantom wallet to experience it.

That said, the liquidity of the prediction market sector usually shrinks significantly during bear markets. Whether Space can maintain its activity in the next cycle will depend on their community operations and product iteration capabilities.