X @Token Terminal π
Token Terminal πΒ·2025-11-28 14:49
RT Jonaso (@Jonasoeth)The trend of PerpDEX in 2025 is very clearNew platforms and old giants are all coming back stronger.New stars like Hyperliquid and Aster helped make derivatives a true product market fit.But at the same time, older giants from last cycle $GMX and $dYdX are showing a big comeback.If you look at the fees from the last 6 months, GMX and dYdX both grew over 1,000% in fee generation.This shows the whole derivatives sector is heating up again.And the next wave of competition will be even mor ...