Perp DEX open interest went from ~$1 to $15B+ in ~12 months. The space has been red-hot since the HYPE TGE: • CFTC clears bath for U.S. perps • Coinbase launching U.S. perps for crypto and stocks • Aster launch • Ondo perps • Trade dot xyz S&P 500 launch • Katana acquiring IDEX + launching perps(Frank Chaparro)