Recently, the valuation enthusiasm for perpetual contract points remains high, and several projects in the Perp track are attracting significant attention—Variational, StandX, and Lighter have all become key subjects of study for actuaries.

Let's focus on StandX for a detailed analysis. We can approach this from the perspective of prediction markets to see how the market is pricing it. On the two mainstream prediction platforms, Polymarket and Opinion, what can StandX's popularity and price expectations tell us?

Basically, the quotes on these prediction markets are genuine "trust votes" cast by real participants with real money. By comparing price differences across different platforms and observing trends in trading volume, we can gauge the project's true market positioning—whether it is being continuously favored or gradually cooling off. This is much more reliable than simply looking at funding amounts or official publicity.