2.3 Product On-chain perpetual contracts: Star has mentioned multiple times that OKX actually developed a product similar to Hyper Liquid a long time ago but didn’t release it due to compliance reasons. There’s still a bit of hope here—maybe one day they’ll bring the product to Xlayer. With OKX’s development capabilities, the product would at least score a solid 70-80 out of 100. 2.4 Competitiveness Looking at the entire market, the only one that can compete with Binance in terms of marketing and technology is OKX. Coinbase is hiding under Wall Street’s protection and lacks ambition, while the other third-tier exchanges give up resistance the moment Binance makes a move. Only OKX has consistently launched products that can rival Binance.