The Perp DEX space is heating up, and while Hyperliquid has proven the demand, the story is far from over. Recently came across an on-chain perpetual contract DEX called @DecibelTrade, built on Aptos and directly incubated by Aptos Labs—basically their golden child. Messari even published an in-depth report on it, and it’s been covered by TheStreet, CoinDesk, and The Defiant. Here are a few points I found interesting: 1. **RWA Perpetual Contracts**: You can already trade perpetuals for commodities like crude oil and silver on the platform. It’s not just about speculating on $BTC/$ETH anymore—they’re bringing global asset classes on-chain. I think this is the right direction. If Perp DEXs only focus on crypto, the ceiling is pretty limited. 2. **AI Agent Direct Trading**: Decibel offers an MCP Server, allowing AI agents like Claude to directly connect and manage positions. The AI × DeFi narrative finally has a real-world use case here. 3. **Great perks for new users**: New users who register with the invite code **[JN1888]** get zero trading fees for up to $5M in trading volume within the first 3 months—basically a zero-cost trial. 4. **Pokémon Card Vault Giveaway**: They’re running a promo with 49 PSA-graded cards (including rare Charizard cards) and a total prize pool of over $30K. You earn raffle tickets based on trading volume, with weekly draws. The token **DCBL** is expected to have its TGE in 2026, and points will be the key to allocation. By trading and providing liquidity now, you’re already accumulating points. To sum it up: Aptos golden child + Messari endorsement + competitive fees + RWA pioneer + AI Agent integration + token potential The competition in the Perp DEX space is just getting started, and Hyperliquid won’t be the only winner. Exclusive invite code **JN1888**: Zero trading fees for up to $5M in volume for new users. : https://app.decibel.trade/r/JN1888 *** This is not financial advice, just personal notes and opinions. Trade at your own risk.