Maruta Suta

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PERP DEXs & This Week Let’s take a quick look at what’s happening in perp DEXs this week: @risextrade plans to move to mainnet after a reward-based testnet competition on its own chain. The project will launch with limited access codes, so I recommend trying to get one. A major new player is about to enter the perp DEX market! @reya_xyz’s trading competition ends tomorrow. The team has also launched a new ambassador program. We’re getting closer to TGE on Reya. @miracletrade has integrated @nadoHQ into the system. After HL and Extended, this is the 3rd perp DEX added. @hibachi_xyz launched its first vault. GAV is currently yielding 35%. They surpassed 200k TVL in a short time. One of the most underrated perp DEXs. @pacifica_fi is offering a 50% fee discount on RWA products until March 31. It’s actually quite easy to earn points from OI. On @paradex, @fiddybps1’s “price shame” is getting worse. The project sits at only a $5M mcap and $26M FDV. @Lighter_xyz’s $LIT is now below $1. Their “genius” CEO still doesn’t understand that a project is nothing without its community. After TGE, they tried to dump on loyal holders who supported the project for over a year and forced them out with price pressure. Many OGs left. Now he can buy his trash coin at whatever price he wants. Good for him. @edgeX_exchange will have its TGE on March 31. Hopefully it will be a good one and set a positive example for the perp DEX market. @BasedOneX will have its TGE on March 30. The allocation to the community is extremely low, and despite criticism, they didn’t revise it. Expectations dropped from 300–500M FDV to 50–100M FDV on Polymarket. The team is ignoring everything. On TGE day, they’ll likely lose their last blind supporters. They didn’t even open the blind boxes they distributed. That’s how confused they are. @StandX_Official — I think the overly positive sentiment and “TGE is coming soon” expectations are unrealistic. There are only 4 pairs. Trading is exhausting, expensive, and difficult. The system needs improvement. They’re not ready, and progress on the perp side is oddly slow. A fast TGE is not possible under current conditions. There are fewer serious traders than you think. If someone inactive for weeks in the top 1000 only drops 10 ranks, it means participation is low. A warning to @StandX_AG: you are falling behind competitors, and the world is not just Asia. @grvt_io delaying TGE was a tough decision and of course had consequences. I assume the team calculated this. But if they delay again, they’ll likely face backlash from the community. @variational_io — Looking at OI and volume, it’s clearly one of the surviving perps. It’s easier to earn points now compared to a few months ago. @bulktrade — I’m not farming it, but @AirdropDuyuru is. The testnet is now public. According to them, it’s a fast and well-built platform. @nadoHQ has a strong following. I sold my NFT. If they allocate only ~8% to the community, it could cause serious backlash. @tradehotstuff — I’m not in, but @AirdropDuyuru is farming it. They launched a new builder program. Last week, 2,359 users received points. Still relatively low participation. There are constant competitions — including trips to Thailand and other rewards. But pairs are still limited. @hellotradeapp is still stuck in whitelist phase. @extendedapp is one of the projects managing its process well. If they execute a clean TGE, it could set a strong example. @Architect_Fi — I haven’t seen anyone actually using it. Feels like Alice in Wonderland. ‼️ @01Exchange — We contacted them about an issue a month ago, and they still haven’t resolved it or even responded that they can’t. With this level of communication, it’s a huge red flag. If I were the CEO, I’d fire the entire communication team. @Backpack 🚮 @HyperliquidX 👑

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