Exchanges are gradually becoming "big companies" and trying to find new growth points outside of CEX's main business ▶ Binance makes Alpha, Coinbase follows suit to make Alpha ▶ Coinbase announces first launch of Monad on Binance's blockchain launch platform ▶ So, if Binance supports Aster, will Coinbase support ____? After spinning around in my mind, I couldn't find the answer... I can only look at what Coinbase Ventures has invested in first. Rootdata data shows that they have only invested in four projects under the category of "perpetual contracts", among which Aevo and DerivaDEX have already been released, and the remaining two, Reya (@ reya-xyz), seem to have signs of activation. On November 11th, they appeared on the Mindshare list of Wallchain (referring to Kaito gameplay), and each Perp DEX is benchmarking against Hyperliquid. However, Reya did not take the path of HL building its own Layer 1, but chose Ethereum L2 (based on Arbitrarum Orbit). You can see that their official website slogan is "Reya is Ethereum for trade". Or perhaps you want to express that you are the DEX that best fits the Ethereum concept? Although not building a self built L1 ecosystem means giving up on building a self built ecosystem, what is obtained is a composable type that can be combined with countless existing DeFi project teams. I don't know if Base will empower them extra haha. Let's take a look at Reya's financing situation. In addition to Coinbase Ventures, it has also received investments from Framework Ventures (lead investor), Wintermute, Amber Group, Robot Ventures and other institutions. Individual investors also include Aave founder Stani Kulechov (LEGO element pre order). The total financing of seed round and Series A is 16 million US dollars, which is quite good background. I am not very good at brushing trades, but what I can see is that it has been rolled up to the point of flying The 24-hour PERP trading volume is 448 million US dollars, and the 30 day trading volume is 37.23 billion US dollars, ranking sixth in the entire network PERP DEX