How to choose a perpetual contract DEX ecosystem? Different players in the market have their own strengths.

From a product depth perspective, the completeness of features and trading experience vary significantly. Some platforms focus on high leverage and liquidity to attract professional traders; others prioritize risk management and user-friendliness, making them suitable for beginners. Fee structures, liquidation mechanisms, and funding rate designs—these details determine the true trading costs.

Look at liquidity. Platforms with better depth have lower slippage, making large trades less likely to cause price impact. However, liquidity is not static; during market volatility, it often tests the market-making capabilities of the platform.

Next, consider ecosystem expansion. Some DEXs have integrated mainstream wallets and aggregators for smoother trading paths. Others are developing innovative features—such as new leverage mechanisms, cross-chain support, or community governance features.

Security audit backgrounds are also worth noting. Platforms that have withstood market tests and undergone formal audits tend to have relatively controllable risks.

Overall, choosing a perpetual contract DEX depends on your trading style—whether you pursue extreme leverage or prefer a stable trading experience, as these needs correspond to different platform strategies. As market competition intensifies, platforms are iterating their products and optimizing services, trying to find the best balance between liquidity, fee rates, and innovation.