5 Major Exchanges On-Chain Contract DEX Battle: Who Will Be the Next Phenomenal On-Chain Contract DEX?

CN
1 hour ago

Author: Yue Xiaoyu

The wealth effect of Hyperliquid has opened up the on-chain derivatives track, and Aster has ignited this track again through the wealth effect.

It can be said that the on-chain contract craze has now been launched, and Perp Summer has arrived!

The emergence of Aster is timely; Hyperliquid has had a huge impact on Binance's contract trading business, and Aster on the BNB chain has just sent the strongest vanguard to Binance.

Binance's intention is clear: to support Aster in competing against Hyperliquid.

CZ personally endorsed it, and Aster's market value directly surpassed $15 billion, becoming the first contract trading platform in the BNB ecosystem.

At this point, one can't help but ask, which exchange among the leading exchanges will support the next Perp DEX to become the next Aster?

After research, it was found that we are currently in a gap period after the hot trend; OKX, Bitget, and Bybit have not yet launched on-chain contract DEXs, and the first to emerge is Gate Exchange!

Gate has personally entered the field, launching the on-chain contract trading platform Gate Perp DEX based on its own Gate Layer second-layer network.

Why can Gate act so quickly?

This is undoubtedly related to Gate's on-chain infrastructure. To be honest, Gate's Web3 services have been somewhat low-key, overshadowed by platforms like OKX and Bitget.

However, I have noticed that over the past year, Gate has been making strides on-chain, not only refining its own wallet, Gate Wallet, but also launching a series of innovative services, such as the cryptocurrency payment solution Gate Pay and the on-chain contract exchange Gate Perp DEX.

What is the experience of Gate Perp DEX really like?

My initial experience trading on Gate Perp DEX using the Gate Wallet was very good; the overall experience was quite smooth.

Gate Perp DEX is built on its high-performance second-layer network, Gate Layer, so the speed is absolutely reliable.

Moreover, since Gate Perp DEX is developed by Gate itself, the integration with Gate Wallet is excellent, providing a trading experience that can rival centralized exchanges.

More importantly, one of the huge driving forces behind Aster's popularity is the expectation of airdrops.

Gate Perp DEX has also established a points system that will systematically evaluate user behavior and contributions, with future airdrop expectations.

Previously, I wrote an article analyzing the platform tokens of the top five exchanges.

At that time, I specifically placed Gate Exchange in the top five for targeted analysis, believing that the platform token $GT of Gate Exchange is an undervalued asset.

Now looking back, $GT has a market value of only $2 billion, which is significantly less compared to Aster's single application market value of $15 billion.

It is important to note that the business support behind $GT includes Gate Exchange, Gate public chain, Gate Wallet, and now the Perp DEX.

Will $GT be the dark horse of platform tokens in this round? Will Gate Perp DEX be the dark horse of on-chain contracts in this round?

We shall wait and see.

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