Arena Blog
Data-driven insights on trading strategies, backtests, and market analysis.
25–28 of 28 posts · page 3 of 3
How to Backtest Token Unlocks: FDV, Dilution & the Hyperliquid Lesson
A buy signal fires — but the unlock calendar says a large tranche of supply hits the market in nine days. Do you take the trade? Using Hyperliquid and the FDV debate as the case: what the FDV-to-market-cap ratio really means, what token unlocks empirically do to price — and the one point-in-time trap that quietly makes almost every retroactive test worthless.
10,000 Backtests in 6 Weeks — What the Data Says About Us
41 days ago, the first backtest ran in the Arena. Today, we crossed **10,000**. Average pace: **248 backtests per day**, every day. We didn't see this coming — and the numbers say more about you than about us.
Tokenized Commodities — What Backtesters Should Know About SLVon, USOon, and COPXon
Tokenized commodities are a $5.3B market — almost entirely gold. But silver, oil, and copper on-chain are now growing fast. What that technically means — and why these tokens can't (yet) be backtested like a classic ETF.
Why We Currently Use Binance Data Only — And What That Has to Do With Honest Backtesting
MEXC lists 3,000 coins, Binance 'only' 400. We still deliberately use Binance data exclusively. The reason is simple: a backtest is only as good as its price history. Here's why data quality beats coin count.
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