Perpetual DEXs Are Not One Category Anymore
Most people still talk about perpetual DEXs as if they are all trying to become the same thing.
Lower fees.
More leverage.
More markets.
More volume.
A cleaner trading screen.
That comparison is useful, but only up to a point. After looking at different decentralized perpetual exchange designs, I think the category is starting to split. The more interesting question is no longer:
Which perp DEX is the best?
The better question is:
What kind of perp DEX is this?
That sounds like a small difference, but it changes the whole analysis.
A trader who opens and closes positions in five minutes does not need the same product as a trader who holds a position for several days. A market maker does not need the same product as a retail trader. A protocol treasury trying to hedge exposure does not need the same product as someone trading a news candle...
Copyright of this story solely belongs to hackernoon.com. To see the full text click HERE
