.@SaiDotFun approaches perp execution differently, anchoring trades and liquidations to oracle pricing rather than local liquidity. @CryptoRick98 dives into the design and implications of this model in Messari’s latest report.

Rick
@CryptoRick98
02-05
Perp DEXs are now the dominant venue for crypto leverage. As of Dec 2025, cumulative perpDEX volume reached $11.3 trillion, up over 653% on the year. @SaiDotFun is entering this market with a different approach to pricing, liquidity, and risk.
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