Introduction to a new Perp DEX project - @reya_xyz This post has caught the attention of some friends who are grinding for points, so here’s a roundup of popular Perp DEX projects. However, most people have only participated in 3-5 of them at most. Reya is still relatively unknown or unfamiliar to most. In the Chinese community, only Binggan and Darenge have introduced it so far. From a background perspective, Reya is quite competitive, having raised $16 million in funding from Framework, Wintermute, Coinbase, and Amber Group. EdgeX was incubated by Amber Group and is also one of the few Perp DEX projects invested in by Coinbase that is nearing its TGE. In terms of technical features, Reya focuses on high-speed trading without sacrificing security. It’s the first Perp DEX built on rollup technology. Trade execution is handled by an independent high-performance engine, while settlement is fully returned to Ethereum. It combines speed with Ethereum-level security and trusted neutrality. The lack of hype around Reya is partly due to the dominance of EdgeX and Lighter, which have attracted most of the attention in this space. Another reason is that TGE is approaching, making it harder to grind for points. Recently, Reya teamed up with @wallchain for a fun event that might serve as a good entry point before TGE. The rewards include 0.2% of the total token supply, distributed to the top 100 ranked participants and 20 randomly selected participants from ranks 101 to 300. The tokens will be fully unlocked at TGE. The first cycle ends on December 10, accounting for 0.033% of the supply. Based on this, there might be 5-6 cycles in total. It’s worth noting that Mindshare is only part of the ranking criteria. Reya’s trading volume, staking volume, and open interest also affect ranking weights. In other words, while grinding for points, you can also compete for rankings in the fun event—two birds with one stone. You might want to sprint before TGE!