Crypto rotations are quick and brutal but perp dex traders are even more aggressive.

Money can move from one dex to another in no time. There is no loyalty, only better trading experience and incentives.

That is why we saw dydx -> GMX -> Hype rotations in just a few years.

Less than two years ago GMX and dydx were fighting head to head for the top spot.

Then HL overtook them both out of the blue. What is the chance HL stays the leader for one more year when others failed to sustain the dominance?

Other DeFi sectors rotate slower.

Aave still dominates lending. Uniswap has been the leader in spot since the start of DeFi. Lido is still leading staking even as other LSTs bring new incentives.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。