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There are many perp-dex projects, but few consistently commit to buybacks! Some fail to manage their fund size effectively, making buybacks unaffordable; it's better to abandon them and start a new project! However, @OrderlyNetwork is currently the only project I've seen consistently repurchasing funds, with a cumulative buyback amount of 3,701,723 $order. Its TVL is $24 million, but trading volume isn't as high as before! Let's see if on-chain funds will recover and sentiment will pick up again with the bull market!

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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