I don’t know who needs this reality check but if a project has existed since 2020 or 2021 building one thing or the other in the past few years, and then randomly wakes up in 2026 launching a perp DEX because perps are hot again… please use your brain.

That’s not innovation. That’s survival mode.
Most of these founders are narrative hunters. Every cycle they shed skin like reptiles. DeFi one year. NFTs next. AI agents after that. Now perps. Anywhere liquidity is flowing, they’re already there with a pitch deck.
And guess who becomes exit liquidity?
You.
If a team keeps switching lanes every time the meta changes, they’re not builders. They’re milkers. They follow attention, not conviction.
Stay SAFU.
Don’t be deceived by these shiny rebranding. I didn't mention any project but if you know you know.