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Navigating Narratives
12 Dec 2023

Down The Perp-DEX Rabbit Hole

DeFi will only take off if the user experience keeps improving. Crypto traders love perps, and there is one perp DEX that is innovating while growing faster than the rest…
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TLDR
  • Perp DEXs improving their user experience has been a welcome response to the spectacular failures of centralized operators in 2022
  • There is one perp-DEX outpacing the rest, while still being significantly undervalued relative to its competitors 
  • With more bullish catalysts on the horizon, such as staking and revenue share, NN argues for acquiring some exposure to the fastest-growing and most innovative perp DEX on the market
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