Perp Pulse Tools

01 Exchange Week 7 points just dropped. The numbers are wild: - 77 pts/$1K vol (vs ~3 on Pacifica) - Cost per point: $0.06 - Only 3 weeks left in private mainnet 375K pts/week split among fewer wallets. Public phase = 296K/week with way more competition. #01Exchange #Solana

@hc_capital @HyperliquidX Pacifica at #9 with $73M OI on just $35M TVL is the most capital efficient ratio on this list. 2x OI/TVL while most others are below 1x. No VC, self-funded, and quietly building. The activity score doesn't tell the full story here.

🚀 PERP DEX LEADERBOARD (Q1 2026) 🚀 The battle for on-chain dominance is heating up! While Hyperliquid remains the undisputed king, emerging players are showing massive capital efficiency. 📊 The Top Performers: 👑 The King: @HyperliquidX dominates with $7,054B OI and $44.7B weekly volume.🥇 🚀 High Efficiency: @extendedapp (Score: 7.39) and Nado (Score: 22.40) are punching way above their TVL weight! ⚡ 💰 Heavy Backing: @Lighter_xyz leads the "Raised" category with $68M+, followed by GRVT at $33.3M. 🏛️ 💡 Pro Insight: @variational_io is the sleeper hit. With $752M OI on just $110M TVL, its organic trading activity is among the highest on the list. 🕵️‍♂️🔥 #PerpDEX

@moneyfet1sh @TemsYanik Disagree. Farmers getting $0.05 cost per point on Pacifica right now by holding OI + using funding rates to cover costs. 01 Exchange private mainnet is even cheaper. The volume grinders are done. The smart farmers adapted.

@TemsYanik The profitable perp farming has ended

BackPack predictably turned out to be disposable garbage 3 years of farming activity on this platform and in the end nothing The last good example was Lighter, but that looks like an exception to the rule Has the points farming era come to an end?

@ainz40 @01Exchange 400 pts on $110K vol = 3.6 pts/$1K. Solid for private mainnet. Plus N1 chain points on top. Double farming is the play. Only ~3 weeks left before public phase floods the pool with more competition.

Still early! @01Exchange have been live for 8 weeks now, i was late for 2 weeks but i still managed to get 400 PTS on 110k volume only (which is very huge for a 10M total PTS + u are getting N1 points). If you need a code to start you can use mine: 01.xyz/ref/AINZ

@rinneXBT @AirdropHero21 @01Exchange BTC pairs are solid on 01. Lower competition = more pts per $1K vol. Track your exact cost per point and efficiency here: perppulsetools.xyz/01

@AirdropHero21 @01Exchange Im getting good points even with just btc

GM web3 @01Exchange 786 point done week7 point earn 153 i'm consistence trade low OI pair

@givenoxbt @pacifica_fi 19 pts/$1K vol this week. That OI is doing the heavy lifting. Week 28: $380K vol, $180K OI = 5,138 pts (13.5 pts/$1K) Week 29: $220K vol, $190K OI = 4,214 pts (19 pts/$1K) Less volume, more OI, higher efficiency. The data speaks.

pacifica week 29 update @pacifica_fi +4,214 points $220k volume $190k open interest low volume week again… but still extracting points and funding been using pacifica as my main venue for tradfi + equity perps simple reason: less crowded than xyz → more inefficiencies → cleaner arb competition is low opportunities are there execution is smooth easy points if you stay disciplined this is where i’m consistently running delta-neutral alongside extended pacifica handles the hedge leg cleanly, especially on equity pairs where flows aren’t saturated yet and there’s more coming: spot mobile app unified margin multi-collateral once those roll out, usability + capital efficiency both level up this week RWA trading fees are 50% off this week!!! a good opportunity to bag easy points stacking points, running arb, staying consistent app.pacifica.fi/?referral=give…

@Jh0L0w @mert @PhoenixTrade @mdudas @bulktrade @Lightspeedpodhq Phoenix vs Bulk is just the start. Don't forget Pacifica ($113M OI, no VC) and 01 Exchange (cheapest pts on Solana rn). The real war is who retains users post-TGE. Incentives end, then we see who built the better product.

there’s a perp dex civil war unfolding on solana with @mert & @PhoenixTrade vs. @mdudas & @bulktrade would actually love to hear both sit down on @Lightspeedpodhq and debate their respective portcos. they’re so vocal about

@subaashgautam Pacifica for OI farming (rewards holding positions, not just volume). 01 Exchange if you want cheap points during private mainnet. Don't sleep on 01, only 3 weeks left before public phase floods the pool.

Solana perps season heating up phoenix vs pacifica vs bulk Which one are you using?

Track your 01 Exchange farming: volume, fees, maker/taker %, PnL, cost per point. All calculated automatically. Just paste your wallet. Free. No login. perppulsetools.xyz/01 #PerpDEX #Solana

01 Exchange Week 7 points just dropped. The numbers are wild: - 77 pts/$1K vol (vs ~3 on Pacifica) - Cost per point: $0.06 - Only 3 weeks left in private mainnet 375K pts/week split among fewer wallets. Public phase = 296K/week with way more competition. #01Exchange #Solana

@Vadim_Borutto $84 fees on $270K vol = 0.031% effective rate. Solid. Key tip: Pacifica rewards OI more than volume. Hold positions longer = more pts per dollar. $84 for two airdrop eligibilities is a good bet.

"Let’s look at the numbers from my dashboard. In just a few days: •Total Volume Generated: $269.74K •Gross Trading PnL: -$5.53 (Nearly breakeven trading) •Fees Paid (The Cost of 'Farming'): $84.36 In short: I paid $84 to 'buy' the eligibility for Pacifica and Nado airdrops via Tread.

"Everyone shows their 'Point Millionaire' balance, but nobody shows the trading log. Is the Tread.fi 'Volume Bot' meta a golden ticket to airdrops, or just a sophisticated way to torch your liquidity? I tested it with $270k volume. Here is the real cost breakdown.

@cat_meekato @01Exchange @Nun0bot 77 pts on just $1K volume is wild. That's 77 pts/$1K ratio. Compare that to Pacifica where top farmers get ~3 pts/$1K. 01 private mainnet is by far the cheapest farm on Solana right now.

Points dropped super early this week on @01Exchange It's still fairly easy to get decent points with low volume With just a bit less than 3 weeks left in private mainnet phase, now is the perfect time to position yourself early without spending much 👀 many thanks to @Nun0bot frens for the dope points card

@Nocaarz @01Exchange @get_truenorth Nice growth. Week 1: 4.4 pts/$1K vol. Week 2: 1.98 pts/$1K vol. Your efficiency actually dropped but total pts went up because of way more volume. The liquidation might have hurt your ratio. 3 weeks left in private mainnet is the best time to stack.

My second week trading on @01Exchange - 46. 3k volume - 91.781 points 3x more points then week before, but obviously because bigger volume and probably because of partial liquidation. Total 127.497 3 weeks more before public. Still learning with @get_truenorth

@Vikkisahu142003 @01Exchange $0.06 cost/point is insane efficiency. 270 pts on $96K vol = 2.8 pts/$1K. Tip: switching to maker orders could drop your fees from $16 to under $5 and boost your ratio even more.

Week 7 Points in @01Exchange Points: 270.8 Volume: $96099 Weekly Rank: 245 Total Points : 443.9 Open Interest: $20k Fees: 16.2 {Mostly trade Taker Order} Cost/point: $0.06 Holding Time: 1D This week I traded IP BTC and ETH. 6 invites left:- 01.xyz/ref/019ce0ca-e…

@Perp_338 Q1 has been rough for airdrops. But perp DEX farming on Solana is still one of the better plays if you track efficiency. Pacifica and 01 still distributing weekly. The ones farming smart now will eat when TGEs hit.

We are cooked fr My Q1 expectations: Drosera tge Arkham szn 2 airdrop Jupiter szn 3 airdrop Solstice tge Opensea tge Hyperliquid 2 Q1 is almost over and nothing really cooked last time i touched 4 figures from an airdrop was dec 30th 2025 — lighter (a perp dex) that’s exactly why i just park myself on perp dexes running the same simple strategy back to back what about you? what were your expectations in Q1?

@Netokrypto @foruai $70 for 444 pts = $0.16/pt cost. That's painful. This is why tracking cost per point BEFORE selling matters. Some weeks you farm efficiently, some you don't. Without data you're just guessing.

sold my $BP. pretty sure i’m at a loss because, if i remember correctly, i used $70+ to interact and only got 444 points. perp dex farming is risky. imagine going hard on paradex, backpack, and vooi, only to end up with dust. i’m confident the allo i’ll get from @foruai campaign will be better than what backpack gave me. the forai token, $FORU, is on @BNBCHAIN. @XOOBNetwork also has a mindshare campaign. just make sure you tag XOOBNetwork in your posts. you can also check out @Pact_Swap if you want to swap your crypto.

@FaithDpy @pacifica_fi 132 days of consistency. That's real conviction. Are you tracking your pts/$1K ratio each week? The data shows which strategies actually move the needle.

Day 132 Believe in Pacifica Believe in Wang Respect in Team Respect in Build Love in Community Love in Decentralized finance 🌊 @pacifica_fi app.pacifica.fi/?referral=Fait… SP5X849VJZS8HDPZ DHTNGEBD1QV4RP0Q J2X9REE8EFCGRK0C VMF9CCXEREZ4R2ND XZVQY7MY373YC4M0

@katana This is the real problem. Most farmers chase incentives with no exit plan. By the time TGE drops, the edge is gone. The ones who win are tracking cost per point from week 1 and know when to stop.

Most perp DEX launches follow the same playbook: 🔹 launch a token 🔹 airdrop incentives 🔹 watch liquidity leave when emissions fade Katana Perps is built on something more durable. With Vault Bridge and vKAT, Katana can support liquidity and market growth beyond one-off emissions.

Introducing @KatanaPerps ⚔️ Perps are one of DeFi’s biggest revenue engines. And under the Katana brand means owning more of the stack and tying it directly to the flywheel. Season 1 is live.

@financelly @StandX_Official Great framework. The key metric most farmers miss is cost per point. You can farm 10K pts but if fees ate $500, the math doesn't work unless the token launches high. pts/$1K vol ratio is the best efficiency signal across all perp DEXs.

Valuing @StandX_Official Using the Perp-DEX Guidebook What is StandX's real worth as a perp DEX? I've seen StandX in my comments A LOT, especially in my posts about perp-DEX valuations. So I dug a bit deeper. Is it worth farming the points program right now? Let's value it using the same perp-DEX framework as the 01 Exchange breakdown. All metrics pulled from DefiLlama, on-chain data, StandX app dashboards, and public announcements where available. Trading Volume & Quality 24h volume hovers around $707M, with cumulative volume climbing steadily since mainnet. This is simply an insane amount, especially with the OI present. The orderbook is clean (poker-table style UI helps), and maker rewards actually incentivize real liquidity instead of spoofing. OI/Volume ratio looks very weird though. There's about $27.95M OI powering over $700M in volume. This is not the best, since it implies wash trading. I will unfortunately deduct half a point for this, since OI should be much higher than this at over $700M volume. Open Interest OI is okay solid for the stage ($27.9M), backed by real capital thanks to DUSD as margin. Traders are holding positions longer because their collateral earns yield automatically. Strong point for traders. OI/Volume ratio is fishy, but the OI itself doesn't suck, so +1 point. Fees & Revenue Fees are competitive/low, and the killer feature is revenue looping back: protocol fees feed DUSD yield + vaults + now Position Yield (SIP-2). Your margin earns passively even if the trade goes against you short-term. Revenue is real and compounding for users. This is very trader-aligned. Full point. TVL & Efficiency TVL in vaults/DUSD pools is impressive (~$15–20M+ in vaults alone at times, plus DUSD across chains). Capital efficiency is excellent: margin isn't dead weight, it generates yield via protocol revenue share. If the platform continues growing, spreads should tighten, and OI should go up accordingly. But for now, the TVL and efficiency are good enough. +1 point. Growth & Positioning I wasn't able to find any specific dashboards showing StandX DAU, but I used the increase in the number of DUSD holders to track, and that by itself looks good. Ex-Binance Futures + Goldman team (self-funded, no VC pressure) also brings serious execution discipline. Recent updates include: SIP-2 (earn on holding positions), on-chain Block Trades, DOKDO trading comps and better volume tracking in points UI. StandX’s points program is also important to note. It rewards both trading volume and consistent activity, with retroactive upside favoring early users. Effectively, farming this early means you will be more heavily rewarded than someone just starting. The multichain rollout (BNB + Solana), combined with Pendle integration, adds a meaningful layer of composability. This actually deepens capital efficiency and user pathways, making growth feels organic, not artificially inflated by mercenary liquidity Tokenomics (Early but very promising) There’s no token yet, but the foundation is deliberate: Points reward real usage: trading, holding positions, and ecosystem participation DUSD functions as yield-bearing margin, creating a natural flywheel: trade → earn yield → compound → trade more It’s early, but the design leans disciplined rather than speculative. Bottom line StandX may be early-mainnet, but it’s already operating above its weight class. Key metrics are strong for a self-funded perp DEX, and the DUSD + Position Yield model makes it one of the more capital-efficient venues in the space. If they can get the OI issue sorted and maybe reduce wash trading, this can get legs in the future. At a 6.5/7 with the guidebook, it looks very good. If you're not already neck deep in perps like me, this may be a good farm. Just remember that early farmers will be rewarded asymmetrically.

Pacifica vs 01 Exchange: which farm wins? Pacifica: 10M pts/week, $113M OI 01: 296K pts/week, ~$0.11/pt cost Different risk profiles. Track both side by side. perppulsetools.xyz #Solana #PerpDEX #Airdrop

@0o20_ Appreciate it! We're adding more perp DEXs soon. The goal is one dashboard to track all your Solana farming in one place.

@PerpPulseTool This project is definitely one to watch 👀🚀

Most perp DEX farmers don't track efficiency. Check weekly: - pts/$1K vol ratio - Maker vs taker % - PnL (green weeks = more pts) - Fee cost per point Free tool for Pacifica & 01 Exchange. Just paste your wallet. perppulsetools.xyz #PerpDEX #Solana #Airdrop