New Category Introduction - Perpetual DEXs (Decentralized Exchanges) like Hyperliquid and Aster_DEX enable on-chain leveraged positions [1] - A new category has been launched to track these Perpetual DEX protocols [1] Platform Update - The new category showcases all Perpetual DEX protocols in one place [1] - Users can explore the new category via the provided link [1]

New Category Introduction - Perpetual DEXs are a new category, exemplified by protocols like Hyperliquid and Aster [1] - These DEXs enable users to open leveraged positions directly on-chain [1] Platform Update - A new category has been launched to showcase all Perpetual DEX protocols in one place [1]

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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]

Perps DEXs Analysis - Perps DEXs are considered a top-tier business within the cryptocurrency sector [1] - Their design tradeoffs appeal to technically skilled individuals [1] Key Considerations for Perps DEXs - It's crucial to ascertain the presence of an escape hatch mechanism [1] - Proximity to a centralized sequencer is advantageous for advanced market making due to latency considerations [1] - Understanding the implications of a "centralized matcher," where a single hardware machine handles order matching, is essential [1] - Differentiating between soft finality and hard finality is important [1] App-Specific Chain Thesis - Perps serve as a compelling illustration of the app-specific chain thesis [1] Additional Resources - Recommends reviewing content on The Rollup YouTube channel for understanding technical terms [2]