According to @KookCapitalLLC, the market does not have enough perpetual DEX options and should return to the proliferation seen during the BSC fork DeFi Summer period, indicating a push for more on-chain derivatives venues (source: @KookCapitalLLC on X, Sep 21, 2025). According to @KookCapitalLLC, a cited example from that era was Hyrule Swap, where farming the Golden Rupee led to significant losses and the token ultimately went to zero, underscoring liquidity and tail-risk concerns for farm tokens (source: @KookCapitalLLC on X, Sep 21, 2025). According to @KookCapitalLLC, this highlights retail appetite for more perp DEX launches while simultaneously reminding traders that illiquid emissions tokens can rapidly collapse to zero, a material risk factor for strategy design and risk management (source: @KookCapitalLLC on X, Sep 21, 2025).

According to @ranyi1115, Orderly has powered 58 live perpetual DEXs since 2023 as of Sep 20, 2025, indicating rapid adoption of its derivatives infrastructure and a growing venue count for perpetual futures trading, source: @ranyi1115 on X, Sep 20, 2025. For traders, a larger network of Orderly-powered venues can expand cross-venue arbitrage paths while requiring tighter monitoring of funding rate dispersion, fee schedules, and slippage across these DEXs to optimize execution quality, source: @ranyi1115 on X, Sep 20, 2025. The emphasis on fast spin-up suggests quicker launch cycles for new perp markets on Orderly-powered exchanges, which can shift intraday liquidity and volume distribution and reward proactive venue routing and market data surveillance, source: @ranyi1115 on X, Sep 20, 2025.

According to @justinsuntron, a perpetual derivatives DEX on TRON named Sunperp has launched at sunperp.com, source: @justinsuntron on X on Sep 18, 2025. According to @justinsuntron, TRON is a major USDT network, source: @justinsuntron on X on Sep 18, 2025. According to @justinsuntron, perpetuals were among USDT’s earliest use cases, highlighting a derivatives-focused application for USDT on TRON, source: @justinsuntron on X on Sep 18, 2025.

According to @tradeparadex, 4,000,000 XP was distributed across 6,481 wallets for activity during Sep 5–Sep 11 with 0% week-over-week change, source: @tradeparadex. VIP Affiliates received 131,457 XP as part of the Affiliate Program for that week, source: @tradeparadex. 500,000 XP was allocated to improve liquidity on Paradex and users are directed to updated Quote Quality XP documentation, source: @tradeparadex. Taker volume continues to be overweighted and the global taker rebate up to 1 bp remains ongoing, source: @tradeparadex. Going forward, no additional Shizopunks will be distributed, source: @tradeparadex.

According to Adrian (@adriannewman21), BasedOneX is generating around $400,000 in daily revenue while its X account has roughly 15,000 followers (source: Adrian (@adriannewman21) on X, Sep 11, 2025). The post flags this revenue-to-follower mismatch as a signal and explicitly directs attention to Hyperliquid, implying trader focus on the related perp DEX opportunity (source: Adrian (@adriannewman21) on X, Sep 11, 2025). The callout suggests monitoring Hyperliquid-linked market flows and on-chain activity as potential trading cues, per the post’s implication (source: Adrian (@adriannewman21) on X, Sep 11, 2025).

According to @milesdeutscher, Hyperliquid just recorded a new all-time high in daily revenue, marking a fresh peak for the exchange’s fee income. Source: Miles Deutscher on X (Aug 14, 2025). He further states that as market euphoria builds, the revenue figure could rise, and that HYPE is extremely reflexive to market sentiment and volatility—implying outsized sensitivity to swings in crypto risk appetite. Source: Miles Deutscher on X (Aug 14, 2025). Trading takeaway: if volatility accelerates, the author’s view suggests HYPE may exhibit stronger momentum relative to the broader market due to its sentiment-driven reflexivity. Source: Miles Deutscher on X (Aug 14, 2025).

According to @PolynomialFi, after four years of development, the platform has introduced a perpetual decentralized exchange (perp DEX) that integrates both order book and automated market maker (AMM) models. This hybrid approach aims to solve the core challenges faced by traditional perp DEXs, where order books offer fast execution but suffer from fragmented liquidity, while AMMs provide deep liquidity but slower trade fills. By combining these systems, PolynomialFi targets improved trading efficiency and deeper liquidity pools, which could boost trading volumes and attract more active participants to the decentralized derivatives market. Source: @PolynomialFi

According to @KookCapitalLLC, successful trading in cryptocurrencies like Hyperliquid (HYPR) does not require being the earliest adopter, but rather maintaining objectivity and closely monitoring market developments. KookCapitalLLC highlights that he initially dismissed Hyperliquid as just another perpetual DEX and did not participate in early farming. Instead, he waited for centralized exchange (CEX) listing momentum before committing significant capital to the HYPR trade, demonstrating the importance of timing and objective analysis over hype-driven early entry. This approach is especially relevant for crypto traders seeking to capitalize on major moves without incurring unnecessary risk (Source: @KookCapitalLLC, June 11, 2025).

According to Ai 姨 (@ai_9684xtpa), the deployment of the $KILO token, associated with the BSC ecosystem's Perp DEX project KiloEx, occurred 16 hours ago. The analysis of transaction records shows that the IDO creation method used is identical to that of the $PARTI token, which was utilized two days prior. This information is crucial for traders monitoring IDO patterns and token deployments on BSC.