Haven’t checked out the Perp sector in a while. GRVT scored some points earlier, but lately, I’ve been hooked on Vibe Coding and haven’t been looking at projects much. That said, I noticed GRVT recently updated its RWA assets, and it feels like the team is pretty willing to listen to community feedback. For Perps without TGE right now, GRVT seems to be one of the more comprehensive RWA-focused DEXs. The market’s trading volume shows signs of recovery compared to the previous bear market. Based on current community feedback, it seems like the focus is mainly on OI and alt assets. Still have some funds parked in Farm—will take a closer look when I have time. In a way, Perp DEXs aren’t completely dead yet. At least one competitor with a recent TGE has been doing a decent job maintaining value.