CZ conducts its first on chain test of perpetual contracts, stating that it has never traded futures on Binance

According to CZ's post on X platform, on March 24th at 01:17 Beijing time, he conducted his first on chain perpetual contract test on APX Finance, long the token mubarak, with a current price of approximately $0.149 and a take profit setting of $0.165. CZ stated that this move is to experience the on chain transaction process and test whether MEV (miners can extract value) still exists. He also revealed that he has never traded futures on the Binance platform and has only seen product demonstrations. He also stated that the overall experience on the chain is not as good as CEX and that he does not intend to become a trader.