With the new round of ATH for Hyperliquid: Native, many people are starting to discuss whether it is necessary to switch to other PERPDEX. This question is very simple. If the trading process itself can generate some returns, such as the need for trading, hedging, balance management, etc., then it is relatively comfortable for the trading volume to be fed back as transaction fees. If you brush for the sake of brushing, there is not much need There are also some highly discussed points, such as Variational, StandX, GRVT, etc. These points may still be worth some money, and there is at least hope for TGE. The above is only applicable to the Pre TGE project And after TGE, the perpdex can be installed on the roadside. In addition to a few Perpdex users, there are still many who use them, so the trading volume and rates can support normal trading and hedging rates. Recently, a certain exchange has started to focus on supporting small currency trading. As a result, Hakimi can be pulled up to 30m with 3ku, and if it cannot support real trading, it can be directly hidden For the project team, the question of how to retain real people for use after TGE is very simple. If the liquidity is good, someone will use it. However, the vast majority of PERPDEX cannot even meet the needs of real use, which is just to issue a coin, let alone retain it In the end, the above are just scraps of trading. Originally, there were still idle U in this market, which is very Ethereum thinking. I still have a lot of money that hasn't been sent to the securities firm, and I am still working on various protocols to obtain unstable hedge rates of only 5% -20% annualized interest and around 30% interest. I haven't fully invested in DRAM MU MRVL, so I can only get through the relatively failed Q1 and Q2 of 2026