# Сопутствующие статьи по теме PerpDex

Новостной центр HTX предлагает последние статьи и углубленный анализ по "PerpDex", охватывающие рыночные тренды, новости проектов, развитие технологий и политику регулирования в криптоиндустрии.

The Midfield Battle of Perp DEX: The Declining, The Self-Rescuers, and The Latecomers

The article "Perp DEX Midfield Battle: The Declining, The Self-Rescuers, and The Newcomers" discusses the shifting landscape of decentralized perpetual exchanges (Perp DEX). Hyperliquid saw a weekly trading volume of approximately $15 billion, driven largely by commodity contracts like crude oil, gold, and silver amid geopolitical tensions and market volatility. Meanwhile, GMX Labs is hiring a CEO, moving away from its founder-driven model, and dYdX's market share dropped from 73% in early 2023 to single digits by late 2024. The decline of GMX and dYdX is attributed to several factors: reliance on token incentives that inflated trading volumes artificially, architectural limitations (e.g., GMX's liquidity pool model capping open interest, dYdX's costly migration to Cosmos), and misjudging key competitive factors like performance and market maker density. Hyperliquid, in contrast, grew slowly without VC backing or token incentives. It built its own L1 chain with a fully on-chain order book, focusing on transparency to attract market makers. It strategically expanded into traditional assets only after establishing a robust ecosystem, enabling it to capture demand during events like the Iran crisis. It now leads with ~54% of open interest among top Perp DEXs, ahead of Aster (~15%). The article concludes that the first generation of Perp DEXs is transitioning to professional management, while new opportunities lie in replacing traditional financial infrastructure, as Hyperliquid demonstrates by handling real-world demand.

marsbit03/27 09:31

The Midfield Battle of Perp DEX: The Declining, The Self-Rescuers, and The Latecomers

marsbit03/27 09:31

Prediction Markets Take Center Stage, But Perp DEXs Quietly Profit from the US-Iran War

In late February 2025, escalating tensions in the Middle East led to large-scale airstrikes by the U.S. and Israel against Iran, causing significant volatility in global financial markets. While traditional markets were closed during the weekend, investors turned to on-chain platforms to trade assets like gold, oil, and silver. Prediction markets such as Polymarket and Kalshi saw a surge in activity, with war-related contracts driving record trading volumes. However, perpetual decentralized exchanges (perp DEXs), particularly Hyperliquid, also capitalized on the situation. Hyperliquid’s commodities contracts—including gold, oil, and silver—experienced unprecedented liquidity and trading volume, with silver contracts alone reaching over $3.5 billion in daily volume at their peak. The platform’s HIP-3 market, trade.xyz, saw weekend trading volumes hit all-time highs, attracting large institutional and high-net-worth users due to its transparency, lack of trading restrictions, and non-custodial nature. In contrast, centralized exchanges (CEXs), though also offering real-world asset (RWA) trading, lacked the same level of visibility and trust among sophisticated traders. Hyperliquid’s upcoming HIP-4 feature introduces outcome-based contracts for prediction and options-like products, further expanding its role as a platform for pricing uncertainty. The growth of perp DEXs reflects a broader trend toward 24/7, globally accessible financial markets, though regulatory challenges remain a potential risk.

marsbit03/20 03:16

Prediction Markets Take Center Stage, But Perp DEXs Quietly Profit from the US-Iran War

marsbit03/20 03:16

BlackRock's First Foray into DeFi Trading, Coinbase CEO's Stock Sale Controversy – What's the Overseas Crypto Community Talking About Today?

In the past 24 hours, the crypto market saw significant developments, including institutional entry into DeFi and rising concerns over high-leverage narratives. BlackRock made its first direct DeFi transaction by listing its $1.8B tokenized treasury product BUIDL on Uniswap and acquiring UNI tokens, causing a short-term price surge. The move, executed via UniswapX for accredited investors, is seen as a major step in TradFi-DeFi integration but raised questions about protocol neutrality. MicroStrategy’s Michael Saylor sparked concern by stating the company could withstand a Bitcoin drop to $8K through debt refinancing, leading to comparisons with past failed high-leverage schemes. Meanwhile, Coinbase CEO Brian Armstrong’s continued stock sales drew mixed reactions, with some viewing it as insider caution despite possible personal financial planning reasons. On the ecosystem front, Citi completed a full supply chain finance operation on Solana, boosting its institutional credibility. Perp DEX Lighter launched Korean stock perpetuals (e.g., Samsung, Hyundai) with funding fee rebates, while Nado increased deposit limits. Additional notable updates include a Dune and Visa collaboration on a stablecoin report, Pudgy Penguins’ new crypto Visa card, and AI agents beginning to use Coinbase’s Agent Wallet for on-chain transactions.

marsbit02/12 16:37

BlackRock's First Foray into DeFi Trading, Coinbase CEO's Stock Sale Controversy – What's the Overseas Crypto Community Talking About Today?

marsbit02/12 16:37

Coinglass Report Highlights Discrepancies Across Perp DEXs, Raising Debate

Coinglass's recent analysis of perpetual decentralized exchanges (DEXs) like Hyperliquid, Aster, and Lighter has sparked debate due to significant discrepancies in reported metrics. Hyperliquid showed $3.76B in trading volume, $4.05B in open interest (OI), and $122.96M in liquidations, indicating consistent and real market activity. In contrast, Aster and Lighter reported high volumes ($2.76B and $1.81B) but significantly lower OI ($927M and $731M) and minimal liquidations ($7.2M and $3.34M). Coinglass suggests these disparities may indicate artificial volume inflation from airdrop farming, self-trading, or reporting issues, rather than genuine trading. The report concludes that Hyperliquid’s metrics align more closely with healthy market behavior, while Aster and Lighter’s volume quality requires further validation. The analysis prompted community debate, with some accusing Coinglass of bias, though the firm maintains its findings are data-driven and unbiased.

TheNewsCrypto02/09 12:41

Coinglass Report Highlights Discrepancies Across Perp DEXs, Raising Debate

TheNewsCrypto02/09 12:41

The DAO Restarts, Backpack Prepares for TGE: What's the Overseas Crypto Community Talking About Today?

Over the past 24 hours, the crypto market has seen significant developments across multiple fronts. Key topics include Backpack's upcoming TGE, with 25% of tokens set to unlock, and the announcement of Kevin Warsh as a potential Federal Reserve Chair nominee, sparking debates on monetary policy impacts. ERC-8004, a trustless AI agent standard, launched on Ethereum mainnet, while The DAO made a notable return with a $220M security fund to support Ethereum's infrastructure. In ecosystem updates, Solana saw Fuse Energy's product launch and the introduction of a JitoSOL ETP in Europe. Ethereum focused on cultural initiatives with the Ethereum Foundation's new podcast and MegaETH's incentive-aligned tokenomics. The Perp DEX sector featured Hyperliquid's reduced token unlocks and the announcement of N1 Chain's mainnet launch. Overall, market sentiment remains mixed, balancing optimism for innovation with caution around macro policy and execution risks.

marsbit01/30 16:45

The DAO Restarts, Backpack Prepares for TGE: What's the Overseas Crypto Community Talking About Today?

marsbit01/30 16:45

Huobi Growth Academy | In-Depth Research Report on the Stock Contract Track: The Next Trillion-Dollar Battlefield for On-Chain Derivatives

Stock Perpetual Contracts, an innovative product bridging traditional finance and crypto derivatives, are rapidly reshaping the on-chain trading landscape. This emerging sector combines the massive market cap of global equities (over $160 trillion) with the mature perpetual contract model, creating a new synthetic derivative that tracks stock price movements without actual equity ownership. Leading Perp DEXs like Hyperliquid, Aster, and Lighter have established comprehensive product matrices, excelling in trading depth, user experience, and asset coverage. The underlying mechanism relies on decentralized oracles (e.g., Pyth, Chainlink) for price feeds, dynamic risk management for cross-market volatility, and controlled leverage (5-25x). Despite its potential, regulatory uncertainty remains the primary constraint, as authorities may classify these products as securities derivatives or CFDs, triggering compliance requirements. Technical risks include oracle failures, liquidity issues, and smart contract vulnerabilities. The future outlook is vast, with potential expansion into commodities, indices, and forex, evolving Perp DEXs into multi-asset derivative platforms. Regulatory clarity is expected in 2-3 years, fostering institutional adoption. Stock perpetual contracts could become a trillion-dollar market, democratizing global asset trading with borderless, 24/7 access.

marsbit01/29 07:18

Huobi Growth Academy | In-Depth Research Report on the Stock Contract Track: The Next Trillion-Dollar Battlefield for On-Chain Derivatives

marsbit01/29 07:18

Seed Round Funding of $8 Million: How Does Bulk Trade Dare to Charge into the Red Ocean of Perp DEX?

Bulk Trade, a Perp DEX built on Solana, has raised $8 million in a seed round led by 6th Man Ventures and Robot Ventures, with participation from Wintermute, Chapter One, and angel investors including Solana co-founder Anatoly Yakovenko. The platform differentiates itself by customizing Solana’s validator client architecture to achieve high-speed, CEX-like matching performance while maintaining decentralized settlement. Its core innovation, Bulk-Agave, is a fork of Jito-agave with a dedicated plugin called Bulk Tile that handles order matching and liquidation logic efficiently. Orders are split into fragments and propagated via UDP to minimize latency and packet loss. Matching occurs every 20 milliseconds in structured “ticks” to ensure fairness and prevent front-running. The system also includes self-trade prevention and supports USDC margined perpetual contracts with a central limit order book. Bulk claims advantages in speed (20ms updates vs. 400ms on typical Solana DEXs), real liquidity (orders remain until cancelled), and cost efficiency (no gas fees for orders, batch processing). It emphasizes self-custody, avoiding cross-chain or sequencer risks. Currently in private testnet, Bulk Trade aims to combine near-CEX performance with decentralized security, positioning itself as a high-performance contender in the competitive Perp DEX landscape.

marsbit01/28 09:40

Seed Round Funding of $8 Million: How Does Bulk Trade Dare to Charge into the Red Ocean of Perp DEX?

marsbit01/28 09:40

Sei’s momentum vs. Avalanche’s depth – Which network is winning 2026 race?

In early 2026, Sei Network briefly lost its lead in perpetual DEX volume to Avalanche, but quickly rebounded by adding $23 million within 48 hours, reestablishing dominance. Sei also led in user engagement with 7.6 million monthly active addresses compared to Avalanche’s 1.6 million. However, Avalanche maintained a significant advantage in Open Interest at $443 million versus Sei’s $74 million, reflecting deeper liquidity and stronger market confidence. While Sei shows strong momentum and growing adoption among traders, Avalanche’s superior capital depth and stability position it as the more established network. The competition hinges on whether Sei can convert its user growth into sustained financial strength.

ambcrypto01/27 18:02

Sei’s momentum vs. Avalanche’s depth – Which network is winning 2026 race?

ambcrypto01/27 18:02

Farcaster Founder's Exit Controversy, Ethereum Performance Narrative Heats Up, What's the Overseas Crypto Circle Talking About Today?

The crypto community is currently focused on the controversy surrounding Farcaster's acquisition by Neynar and the subsequent exit of its founders, Dan Romero and Varun Srinivasan, amid allegations of potential "rug pull" behavior. Meanwhile, Polymarket faces criticism for spreading misleading news to drive engagement, raising concerns about platform credibility. In ecosystem developments, BitGo's IPO on the NYSE is seen as a milestone for crypto infrastructure entering traditional markets. Solana advances its RWA narrative with the tokenization of BitGo stock via Ondo Finance, enabling global wallet users to trade tokenized equities. Ethereum gains attention due to MegaETH's stress test achieving 16k TPS and Vitalik Buterin's emphasis on computational self-sovereignty and privacy tools for 2026. Additionally, Perp DEX platforms like Lighter.xyz are expanding into TradFi assets with ETF perpetual contracts, while Chainlink's acquisition of Atlas aims to enhance DeFi value capture through order flow auction mechanisms. The overall sentiment reflects a mix of skepticism toward speculative projects and optimism toward infrastructure maturation and real-world asset integration.

marsbit01/23 06:20

Farcaster Founder's Exit Controversy, Ethereum Performance Narrative Heats Up, What's the Overseas Crypto Circle Talking About Today?

marsbit01/23 06:20

The Rise and Future of Perp DEX: A Structural Revolution in On-Chain Derivatives

The rise of Perpetual DEX (Perp DEX) marks a structural shift in crypto, as derivatives trading migrates from centralized exchanges (CEXs) to on-chain platforms. Enabled by Layer 2 scaling, improved oracles, and growing user sophistication, Perp DEXs like Hyperliquid, dYdX, and Aevo are redefining derivatives through transparent, non-custodial, and programmable protocols. Unlike CEXs, Perp DEXs operate with open risk management, clear liquidation logic, and distributed revenue sharing, making them more than just decentralized copies—they are foundational risk infrastructure. Key mechanisms have evolved from virtual AMMs to hybrid order book models, prioritizing capital efficiency and low latency. Performance metrics now dictate success: high volume-to-TVL ratios, sustainable fee income, and professional user retention separate leading protocols. Hyperliquid, for example, has achieved dominance with its dedicated L1 and on-chain order book, capturing significant market share and revenue. The next phase will focus on higher performance, specialized appchains, and integrated products (e.g., options and perps under unified margin). As CeFi and DeFi converge via ETPs and structured products, Perp DEXs are poised to become core infrastructure in the on-chain financial system, provided they maintain robustness during volatility and enhance risk controls.

marsbit01/21 07:46

The Rise and Future of Perp DEX: A Structural Revolution in On-Chain Derivatives