Do you still remember that wave of NFT craze? Back then with Blur and Magic Eden, just listing an order could rack up points wildly, and whether a transaction was completed or not didn't really matter. That feeling is happening again now, but the stage has shifted to StandX.

It is said that StandX has launched the Maker Points program, distributing 5 million points each month. The key point is—limit orders can earn points even if they don't get filled. This gameplay is almost a replica of the logic from the crazy period of the NFT market back then. The points incentive mechanism itself isn't a problem, but when the success or failure of a trade becomes less important, the apparent trading volume can easily be inflated. Market participants need to think for themselves about how to view this kind of mechanism design.