Market Concentration - The perpetual DEX (decentralized exchange) market is top-heavy, similar to centralized exchanges, with a significant volume difference between the top three and the bottom three platforms [1] - Hyperliquid, Lighter, and Aster are likely to dominate the perpetual DEX landscape, mirroring the dominance of Binance, Bybit, and OKX in the centralized exchange sector [1] Platform Evaluation - Hyperliquid is considered the best one-stop shop for perpetual DEX trading due to its UI/UX and liquidity [2] - The UNIT farm on Hyperliquid is highlighted as a valuable opportunity [2] Future Outlook - There is hope for multiple perpetual DEXs to achieve product-market fit (PMF) and success [2] - Fundamentals are considered the key to long-term sustainability in the perpetual DEX market [2]
X @Andy
Andyยท2025-09-26 04:03