Perpetual Dex Airdrops List with volume per day : My Personal one will be Hyperliquid and Variational > $5B d/vol: @Lighter_xyz @Aster_DEX @HyperliquidX @edgeX_exchange > $1B d/vol: @pacifica_fi @Backpack @OfficialApeXdex @reya_xyz @variational_io > $500M d/vol: @paradex @extendedapp @grvt_io @MYX_Finance @JupiterExchange @OrderlyNetwork > $200M d/vol: @DriftProtocol @HelixMarkets @dYdX > $50M d/vol: @avantisfi @BasedOneX @SatoriFinance @phantom @GMX_IO @OstiumLabs @GainsNetwork_io @tradeperps > $10M d/vol: @hibachi_xyz @KiloEx_perp @VestExchange @Merkle_Trade @MetaMask @AxiomExchange @DefxOfficial @BullpenFi @etherealdex > unreleased: @bulktrade @perpltrade @byreal_io
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These are the most bullish perps by metrics(last four months) After the 10/10 market crash, most DEX perps suffered over 50% declines in volume and revenue, and many will not recover. Optimistically, this was a stress test to filter projects and focus on growing protocols. (Hyperliquid and Lighter stats are also down by a lot but these two are established and hence exceptions for me.) 1/ @extendedapp and @variational_io will give the best returns. TVL is at all time highs. Volume and revenue continues to grow. Least metric drawdown than most projects. 2/ @nadoHQ Nado is a new platform on the market, but metrics have soared exceptionally in a short period. Big deal that's it's backed by kraken, and invite only so very early right now. 3/ @grvt_io and @edgeX_exchange are great performers. Grvt volume grew 5x in Oct and is holding strong above $30 billion. 4/ @paradex Volume is down 30% Nov to Dec. Most other stats are held strong. 5/ @pacifica_fi and @OstiumLabs look worrisome.
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Everyone try to copy hyperliquid, but Variational has taken a different approach and designed completely different business model. Traditional trading apps make money by charging fees. Binance charges 0.1% , hype charges 0.025%. But Variational has achieved true zero fees. They earn only by spreads. First ever product is lighter dex . There revenue comes from transaction fees from large users and the cost of early liquidation mechanism. Variational changes this model, when they initiate a quote on the platform, their OLP will provide you with a quote that includes the buy-sell spread. The spread you pay is their profit, rather than any transaction fee. Use my referral code below to become part of variational perp dex : 1) omni.variational.io/ref=OMNI7DDT17HH Code : OMNI7DDT17HH 2) omni.variational.io/ref=OMNI2D9L4OXW Code : OMNI2D9L4OXW
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