Perp Dexs could become real competitors to Wall Street. Silicon Valley has long believed that software displaces legacy industries over time. Calculators automated tasks. Computers automated functions. Now smart contracts are moving the economy onchain. Software eats industries by decoupling value creation from physical constraints. Blockbuster couldn't keep up with the internet. Incumbent financial corporations might not be able to keep up with blockchain. Traditional finance runs on siloed institutions such as brokerages, exchanges, custodians, clearinghouses, and more. Each with their own ledgers, contracts, and cut. An onchain supercenter combines all of this into one seamless venue running with stronger margins. Wall Street was the hub of the Industrial Age. Electronic trading defined the Information Age. Perp DEXs could define the Value Age. The winners could become the next Wall Street, Silicon Valley, and global banking network rolled into one.(Delphi Digital)