When it comes to the hottest topic this week, it’s undoubtedly the PERP DEX theme that’s been all the rage. After CZ successfully built the BNB ecosystem several times, everyone witnessed the $ASTER on-chain exchange surge from $0.08 to $2.35 in just a few days, a nearly 30-fold explosive increase. This is certainly not the end, but rather the starting point for everyone’s focus on PERP DEX. Since the collapse of FTX, the market's demand for "on-chain transparency + CeFi experience" has skyrocketed. Although many derivative DEXs have emerged during this time, they either have excessively high fees, poor user experience, or simply lack liquidity. Over time, everyone has almost concluded that avoiding internal competition in on-chain derivatives is too difficult. The emergence of Paradex, however, seems to have opened up a new path. In fact, very few people in the Chinese community know that @tradeparadex ranks among the top three in DEX trading volume. Most people are only aware of...
Show original
10.8K
17
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.