@quantumvault

Perp DEXs are still the loudest trend… but the tape is brutal. Everyone’s been staring at $ASTER, meanwhile $APEX is already down ~4x from its peak. And that’s the point: even with big players shipping products and backing tokens (APEX especially with Bybit + Ben Zhou behind it), the market’s so weak that “strong support” isn’t enough to push price. I’m still bullish on perp DEXs long-term. Short-term, it feels like survival mode. If the whales building in this space are choosing to delay token launches, that’s probably not fear it’s timing. In a bad market, liquidity wins over narratives.

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