Bear market vibes: projects either RUG or just give up. Perennial Labs is an OG project from 2022. They used to work on a perpetual contract protocol in the Base ecosystem and raised about $12M back then, led by Polychain and Variant. The original platform has officially shut down, and their official account @perenniallabs hasn’t posted anything for almost a year. Cascade is seen as a new project related to the Perennial ecosystem. They raised about $15M in December 2025, but Cascade @cascade_xyz hasn’t updated in over 30 days either—activity is super low. Forte Protocol focuses on the perpetual contract trading platform Fairground. Even though Season 1 officially launched on June 10, @ForteProtocol hasn’t tweeted for nearly a month since the launch. Before jumping into projects during a bear market, it’s a good idea to keep an eye on the frequency of updates from official accounts and the team’s activity. Manage your risks wisely.