According to CoinMeta, analyst Jason Pagoulatos published a report stating that the boom in AI infrastructure, along with speculative demand driven by housing, debt, and employment pressures, is on the rise. The report recommends holding trading platforms rather than the underlying assets being traded. It points out that the combined trading volume of Kalshi and Polymarket reached 53 billion US dollars in July this year, which is 25 times that of the same period last year. In the second quarter, the contract revenue amounted to 156 million US dollars, exceeding the 129 million US dollars from the stock business and the 100 million US dollars from the cryptocurrency business. The report lists Hyperliquid and Lighter as representatives of on-chain platforms and warns about the risks of litigation as well as the risk of platform revenue fluctuating with market cycles.