We’re entering the era where perp DEXs stop imitating CEXs and start outperforming them.
These are the tokens leading that shift 👇
$HYPE
$ASTER
@Lighter_xyz
@OrderlyNetwork ( $ORDER )
@edgeX_exchange
Each represents a different theory on how on-chain perps scale:
• CLOBs built for latency wars
• Unified liquidity layers
• Incentivized DEX factories
• Modular execution stacks
This isn’t just about trading anymore it’s about who builds the new financial backend. Because Perp DEXs are quietly becoming the real infrastructure play of this cycle.
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