2026-01-06 01:24:07

I had been pretty confident that StandX would be the final major perpetual DEX TGE to cook before the market shifted—thinking around 800M FDV with dUSD sitting at roughly 150M TVL. Honestly? That take might not hold up.

Just got put onto Rails by someone in my circle, and the more I dig into it, the more I'm rethinking the whole narrative. The perpetual DEX space is moving faster than expected. There's still juice left in this cycle, more players coming through than I originally mapped out.

The TGE timeline and valuation landscape keep evolving. What looked locked in a few weeks ago is already shifting. Worth keeping tabs on how this settles out—the ecosystem's got more room to run than I thought.

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ETHReserveBank

· 01-09 01:10

ngl Rails this time really has something, the perpetual DEX part is even more tricky than I thought.

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RealYieldWizard

· 01-08 20:17

NGL, the perpetual DEX ecosystem is more competitive than I thought. StandX might really not be the last big player.

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DoomCanister

· 01-07 17:45

ngl Looks like the perpetual DEX hasn't fully taken off yet; we need to keep digging the pit.

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token_therapist

· 01-06 01:54

The popularity of perpetual DEXs has been unexpectedly strong this time. The original pattern was broken within a few weeks.

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BlockchainGriller

· 01-06 01:54

NGL, this perpetual DEX track really exceeded expectations. It feels like all previous judgments have been proven wrong.

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OptionWhisperer

· 01-06 01:53

ngl StandX's 800M valuation now seems a bit naive... The perpetual DEX wave is far from over.

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NeverVoteOnDAO

· 01-06 01:53

Hmm... the argument that StandX is the last big pie indeed doesn't hold up anymore.

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AirdropBuffet

· 01-06 01:50

ngl, the previous judgment was a bit too early call, the perpetual DEX track is more competitive than I thought.

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BlockchainRetirementHome

· 01-06 01:29

ngl this wave of perpetual DEX track has really heated up, it feels like there's something new popping up every week, and everyone's predictions have to be revised...

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