💥 Update on Perp DeX, for users 💥 Seeing a lot of noise on CT lately, "Volumes are down", "It's over for Perp DeX" and so on. Feels like most of these takes are coming from people who have only experienced one cycle, the bull run. What we are seeing right now is pretty normal. In a bear phase, Perp DeX volumes naturally cool off due to: 1. Lower volatility 2. Reduced interest from farmers 3. Decline in active trader participation This is not new, it is a cyclical behavior. (There’s always a bull market somewhere.) Once the broader market turns and volatility returns, volumes will follow. Traders come back, farmers re-engage, and activity picks up again. Nothing is "over", it is just the phase of the cycle.
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