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In the white paper vision description of the PerpDEX project, PerpDEX is a 100 trillion business. But in the cruel market reality, PerpDEX is currently just a niche market in the DeFi track. From dYdX to GMX, GNS to Aevo, the PerpDEX paradigm has evolved from AppChain CLOB to AMM based on general L2 to modular CLOB

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