@vaibcryp
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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