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Feb 18, 2026
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LONG
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Ding X (founder of PancakeSwap, the largest DEX on BNB Chain) is now building "Predict.fun" on the BNB Chain. He explicitly states they are "combining DeFi with prediction markets" so that deposited funds earn yield via lending protocols, unlike competitors. The "Capital Efficiency" argument is strong. If a trader can bet on an election *and* earn native DeFi yield on the collateral simultaneously, liquidity will migrate from non-yielding platforms (like Polymarket) to yielding ones. This drives TVL (Total Value Locked) and transaction volume to the BNB Chain. Long BNB as the infrastructure layer and CAKE as the ecosystem proxy (given the founder's lineage), anticipating a sector rotation into yield-bearing prediction markets. Regulatory crackdowns on prediction markets; failure of the new platform to gain traction against incumbent Polymarket. |
CoinDesk
Charles Hoskinson and Ding X on Predict.Fun, ...
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Feb 18, 2026
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WATCH
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Ding X observes, "A lot of my friends in NFTs went to memecoins... and then maybe to prediction markets... that's where the money flows." This describes the "Speculative Liquidity Pipeline." The market is currently saturated with Memecoins. Smart money builders are positioning for the *next* bucket, which is Prediction Markets. The trade is to front-run this rotation. Watch for the peak of the Memecoin cycle to rotate profits into Prediction Market governance tokens or infrastructure. Memecoin supercycle lasts longer than expected; retail users find prediction markets too complex compared to simple token gambling. |
CoinDesk
Charles Hoskinson and Ding X on Predict.Fun, ...
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Feb 18, 2026
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AVOID
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When asked what went wrong with NFTs, Ding X admits the space has shifted from speculation to a "builder system" and that the massive speculative capital has left for Memecoins. The "100x" speculative premium has evaporated. While the technology remains for utility (like representing prediction market positions), the asset class as a vehicle for rapid wealth generation is currently dead. Capital has moved on. Avoid broad NFT exposure; the sector is in a deflationary consolidation phase. A sudden resurgence of NFT mania driven by a new utility unlock (e.g., gaming). |
CoinDesk
Charles Hoskinson and Ding X on Predict.Fun, ...
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