2026-01-17 07:34:34

The comfortable days of perpetual DEX are becoming increasingly difficult

Recently, I tried out several mainstream Perp DEXs, and the conclusion is straightforward: the windows for easily earning points are gradually closing one by one.

The most obvious change is that the difficulty of earning points has visibly skyrocketed. This is not an exaggeration; it’s because the number of participants and the competition intensity in the entire ecosystem are growing exponentially. By the time professional API traders enter on a large scale, ordinary retail investors trying to accumulate high scores through trading volume will basically be relying on luck.

But on the other hand, if you truly believe in the long-term value of these projects, now might be a good entry point. Instead of waiting until the wind is completely gone and then regretting it, it’s better to get on board early and let time verify your judgment. This has always been the truth in the DeFi ecosystem — the earlier you participate in innovative tracks, the more substantial the returns tend to be.

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GateUser-3824aa38

· 01-20 07:34

If I had known earlier, I wouldn't have bothered with these DEXes. Now look at how chaotic they've become.

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Layer3Dreamer

· 01-20 07:12

theoretically speaking, if we model perp dex point farming as a recursive game theory problem... the nash equilibrium just shifted hard. api traders aren't just competing—they're literally re-architecting the liquidity landscape.

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MEVictim

· 01-18 18:32

Can't keep going anymore. Now earning points feels like a life-or-death struggle, with robots everywhere.

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AirdropAutomaton

· 01-17 08:03

Another track has been wiped out. What can you still scoop up now in Perp DEX? --- If I had known earlier, I wouldn't have hesitated. If you should get on, then get on. --- API traders entering the market = ordinary people out. I've seen this trick many times. --- The last bus before the windfall closes—miss it and it's really gone. --- Score farming is basically a game of hot potato. Looks like it’s lost its sound here with me. --- Better to act now than to regret later. Anyway, sooner or later, you have to take a gamble. --- The ecosystem participant index is growing rapidly, and retail investors' chances are getting narrower.

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GateUser-9f682d4c

· 01-17 08:01

To be honest, it's not as lucrative to farm points on Perp DEX anymore, as bots and professional players are also competing. However, if you truly believe in these projects, it's not too late to get on board now.

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ser_we_are_early

· 01-17 07:48

I can see it so clearly now, and I've already felt that competitive spirit. But to be honest, I feel more at ease now that I'm inside, at least I don't have to rush for the last train.

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CounterIndicator

· 01-17 07:42

Haha, the good days for the retail investors are really over now. Once the professionals step in, everything is over. Should have known better not to wait. Now it's too late to regret. If you're more gambling-oriented, it's still okay to get in now. After all, it's all gambling. Can't compete with API traders, brother. I've decided to just lie low. If I miss this round, I don't know when the next opportunity will come, maybe in the Year of the Monkey or later. Instead of constantly placing small orders, it's better to directly bet on projects. Let's see who survives till the end. Early birds really eat worms. If there's still a chance to catch up now, then it's your own fault.

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