Okay, let's be real: farming rewards on perpetual DEXs is getting out of hand. 💀
When comparing 24 hour trading volume to open interest, several platforms show extreme imbalances:
- Lighter: 4.98x
- Grvt: 5.5x
- EdgeX: 7.3x
- Apex: 35x
- Extended: 138x
After TGE, as farmers move on, we'll see how many real users actually stick around. And after countless perp DEX launches, we'll see a shift back to quality venues - only a few will truly make it.