In the graveyard of the crypto world, there are countless projects attempting to bring the "Central Limit Order Book (CLOB)" to the blockchain.

Why is the competition among Perp DEXs essentially a competition of "risk models"?

For most of the past year, Hyperliquid held the top spot—but its market share has now plummeted to just 20%, with new challengers vying for dominance. This article will provide an in-depth analysis of the four major decentralized exchanges offering perpetual contracts.

Exchanges, DEXs, OKX: From Listing to On-Chain Integration: What Does OKX's Integration of DEX into its Exchange Mean? Jinse Finance: "Incentives can be additive, but user experience is multiplicative."

OKX's mission is to make global markets accessible through reliable and transparent technology.

Variational does not produce liquidity; it merely acts as a transporter of liquidity.

The world's cutest decentralized exchange, Bunni DEX, is facing a harsh reality, after announcing that it will be shutting down operations following an $8.4 million exploit in September, becoming the second DeFi project this week to fold under the pressure of mounting security breaches and financial strain.

Black swan events like the October 9-10 liquidation incident have proven that DEXs are structurally superior to CEXs in terms of transparently handling liquidations. When CEXs run into trouble, DEXs like Hyperliquid remain fully operational.

DEX, perpetual contracts, Hyperliquid, ASTER, DEX success factors: liquidity, incentives, user experience and community culture Golden Finance, what elements are needed for a successful decentralized exchange (DEX)?

Coinbase has launched decentralized trading directly in its mobile app, letting U.S. users trade millions of tokens instantly, though New York residents are excluded. The app integrates DEX aggregators 1inch and 0x for non-custodial trading and also offers staking in states where it is allowed.

"Derivatives are the holy grail of DeFi." As early as 2020, the market has reached a consensus that on-chain perp protocols are the ticket to the second half of DeFi.

If this continues, the entire points system will become an expectation game that is not linked to real value creation, and the bubble will burst one day.

According to Huobi HTX market data, multiple sectors such as DEX, DeFi, AI, and public chains have rebounded strongly, and some newly launched tokens have risen rapidly.

Recommended reading tonight: 1. Q4 was the best quarter in history, with funds pouring into Bitcoin?; 2. Bitwise: A trillion-dollar market? Don't underestimate the size of the market crypto is targeting; 3. The largest cryptocurrency money laundering case in UK history.

Aster’s story is a complex microcosm of the current stage of DeFi development: it is both a protocol that is quite innovative in capital efficiency and product design, and a strategic pawn driven by centralized giants behind the scenes to reshape the market landscape.

From a technical position at a Hong Kong investment bank, to a venture into P2P lending, to now leading Astar, one of the most highly anticipated perpetual contract DEXs, how did Leonard get to where he is today?

“Everyone who participated in the Hyperliquid, Aster, and Avantis airdrops will say they made far more money than they expected.”

Perpetual Contracts, DEX, Hyperliquid, ASTER, The Season of Perp DEX: Sweeping the Crypto Market Golden Finance, Why Perp DEX is Devouring the Cryptocurrency Market.

Hyperliquid's upcoming massive token unlocking has caused market concerns.

Decentralized exchanges (DEXs) continue to reshape the way cryptocurrencies are traded, showing significant growth in trading volume, total value locked (TVL), and institutional interest.

The ongoing DEX war intensified when the world’s largest exchange backed a Hyperliquid competitor.

Too many people are Fomo Perp Dex. After sobering up, I would like to share some thoughts that are a bit "incongruous" with the prosperous market. The following only represents my personal understanding.

This generation of Perp DEX is fundamentally different from the "GMX, DYDX" generation of Perp DEX. Since it's still essentially Perp DEX, the title will still refer to Perp DEX. Starting as "Perp DEX," it quickly rose to prominence.

What are the highlights of Aster and SunPerp? Why did Binance and Tron launch two competing products so quickly?