Perpetual DEX Track: A New Wave of Competition Driven by Revenue
Against the backdrop of the Aster craze, the entire perpetual DEX field is experiencing fierce competition. From underlying technological innovations to enhancements in user experience, from asset diversification to ecological collaboration, various platforms are exploring differentiated strategies.
However, the most indicative metric of a project's vitality remains revenue. Real transaction fee income is not only key to assessing the protocol's ability to generate revenue but also reflects the sustainability of the business model.
This article focuses on five major perpetual DEXs that have not yet issued tokens but have demonstrated strong profitability, analyzing how they penetrate niche markets, build competitive barriers, and achieve breakthroughs.