In May, Hemi partnered with Satori to launch the first perpetuals trading competition on the network, offering $25,000 in USDC rewards to celebrate the arrival of leveraged perps trading. The competition brought new momentum to Hemi’s DeFi landscape, allowing users to trade BTC, ETH, and dozens of other assets at up to 50x leverage, without needing to hold the assets onchain.

Satori’s deployment on Hemi introduced vaults managed by professional market makers. Users also had the opportunity to deposit funds and earn yield from high-frequency trading strategies, in a trustless, secure, onchain environment.

The trading competition ran from May 1 to May 31, rewarding top-performing participants in two categories:

• Profit and Loss (PnL) performance

• Total trading volume across the competition period

Users needed to trade on Hemi using Satori and maintain TVL on the chain to qualify.

Competition Results

The contest saw wide participation, with thousands of active traders driving millions in volume through Satori’s perp dex.

Results Overview

• Total Registered Users: 2,015

• Active Traders: 457

• Total Trading Volume: $82M

Prize Distribution

• Top PnL Traders: Shared $15,000 USDC based on performance

• Top Volume Traders: Shared $10,000 USDC based on volume ranking

• Prizes are to be distributed to eligible Hemi accounts in USDC

The competition's success underscores growing interest in Hemi’s DeFi ecosystem, particularly for advanced trading tools like perpetuals. With Satori now live and vaults open for deposits, users can continue trading with leverage or earn passively on a performant and secure blockchain designed for real financial activity.