X @Messari

Decentralized Exchange (DEX) Landscape - The onchain Central Limit Order Book (CLOB) wars are just beginning, indicating increasing competition among decentralized exchanges [1] - Dominant DEXs often don't last, suggesting a dynamic and potentially volatile market [1] - The report analyzes over 10 alternative CLOBs, examining their tradeoffs and potential winners [1] Competitive Analysis - Hyperliquid may currently lead the CLOB market [1] - The report identifies potential winners in the CLOB wars [1][2] Report Focus - The report covers a new generation of order book DEXs that form the basis of the "CLOB Wars" [1] - The report provides a deep-dive into CLOBs [1]