The tech-heavy NASDAQ "perpetual futures" contracts are showing positive funding rates alongside rising net longs, pointing to a sentiment shift. Macro tailwinds from easing inflation numbers are further supporting growth stock rebounds. Injective has introduced perpetual futures markets for private equity, opening direct exposure to fast-growing companies such as OpenAI, SpaceX, and Anthropic. The blockchain network announced Wednesday that retail traders can now speculate on valuations traditionally reserved for venture funds and private equity giants. He has a point. Cynics say the token is the product in crypto. And if that is the case, then new ways to gamble are the industry’s true innovation. It’s partly why Polymarket, pump.fun and Hyperliquid, the king of perpetual futures with an 80% market share, are the industry’s runaway hits. Market depth charts reveal consistent bidding in "perpetual futures" across AI sector ETFs, suggesting capital inflows from institutional accounts. AI-driven earnings beats could fuel another leg higher in megacap tech.