Take $OPEN for example—the underlying asset already boasts solid ADR. But here's the thing: there's also a 2x leveraged variant ($OPEG) trading alongside it. Pretty telling, right?

What caught my attention is this: we're moving toward a market where levered instruments could actually outnumber the base assets themselves. Think about that for a second. The derivatives ecosystem is expanding faster than ever, and it's reshaping how liquidity flows across trading platforms. Not saying it's happening tomorrow, but the trajectory is pretty clear.