Recently, the public sale performance of the leverage prediction market platform SPACE in the Solana ecosystem has been quite impressive. What signals does this reflect?

Data speaks: an oversubscription rate of 1360%, with a final fundraising of $13.9 million, more than doubling the initial funding target of $2.5 million. This level of enthusiasm indeed indicates a very strong market demand for leverage prediction platforms.

In terms of pricing, the public sale price of $0.069 corresponds to an FDV range of $50M-$69M, indicating a relatively reasonable valuation without obvious overvaluation. However, there is a detail that requires close attention: the public sale shares will be fully unlocked at TGE at the end of January, which means a significant amount of selling pressure will flood into the market in the short term. Proper risk assessment is crucial, and price volatility is inevitable.

Looking deeper, the popularity of SPACE actually reflects two phenomena worth observing. One is the sharp increase in leverage demand in the derivatives market, with investors' desire for risk management tools intensifying. The other is that the Solana ecosystem, after experiencing that major crash, is quietly recovering—new projects are entering, and ecosystem enthusiasm is rising again.

If SPACE can maintain its product refinement pace after TGE without slowing down, it might become the next major traffic hub within the Solana ecosystem.