I came across a really interesting post today. It said @Lighter_xyz and @edgeX_exchange are only about Perp DEXs. Honestly, I can’t agree with that at all. First of all, Lighter and edgeX, together with Hyperliquid, are clearly the Top 3 in the market. Of course, @HyperliquidX is far ahead as number one, but that doesn’t change the fact that they’re all top-tier projects. The main point is simple. Lighter and edgeX aren’t stopping at just being Perp DEXs. When a Perp DEX runs out of new things to build, what’s the easiest move? They add RWA. The most common example is GOLD ($XAU) spot trading. And when that’s not enough, they start listing forex pairs like yen or euro. But let’s be honest. That’s nothing new. Projects were already doing that years ago and calling it innovation. Then what comes next? Easy. They start adding prediction markets because that’s the new trend. But here’s what people miss. No one goes to a Perp DEX just to use prediction markets. If you want that, @Polymarket is faster, simpler, and better at it. People keep forgetting what really matters. For any Perp DEX, Bitcoin and Ethereum liquidity are everything. No matter how fancy the version name is — 1.0, 2.0, 3.0 — liquidity always comes first. And #edgeX has already proven itself. It built massive liquidity without any help from Hyperliquid. So does it stop there? Not a chance. Just wait. Gold, silver, stocks — they’ll all come. In the edgeX ecosystem, the Perp DEX will eventually just be one of many tools. Because edgeX is building its own mainnet. And once that mainnet goes live, TGE will follow right after. I’m already excited to see what happens next.
There’s currently a surge of volume and noise around perpDEX a kind of boom happening in the space. But as always, projects that are easy to benchmark are also easy to compete with. The same goes for most of today’s perpDEX Many perpDEX are emerging, but only a few of them truly stand out as unique. In my view, the most forward-thinking perpDEX projects right now are focusing on integrating and aggregating TradFi stocks, commodities, and more. Imagine being able to trade everything stocks, commodities, crypto, pre-IPO, prediction markets, and beyond all from a single account. PerpDEX are evolving. The boundary between Web2 and Web3 is fading. The perpDEX 2.0 boom is coming perpDEX 1.0 (pure perp) - @HyperliquidX - @Aster_DEX - @Lighter_xyz - @edgeX_exchange perpDEX 1.5 (integration with TradFi) - @VestExchange - @OstiumLabs perpDEX 2.0 (integration with TradFi + aggregation - CEX, perpDEX ) * @klyra * @liquidperps
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