🎯current status of some super early perp dexs 1️⃣ txflow (@txflow_l1) • being built as a trading-focused layer 1 • based on the current snapshot, there is no vc allocation, community-owned model like hyperliquid • points system is not live yet • retroactive points will be distributed for past trading activity 2️⃣ vanta (@vanta_exchange) • still in public beta (invite-only) • built on orderly network. it shares orderly’s liquidity and order book, similar to woofi and logx • backed by orderly co-founder and other strategic investors • 6m points will be distributed until july 15. early users naturally have an advantage to collect more points. 3️⃣ popdex (@popdex_) • currently in closed testing before public beta • raised $30m led by foresight ventures • being built as a trader-first perp dex • aims to reward real traders and liquidity providers • you can get early roles and engage pts through discord 4️⃣ risex (@risextrade) • a fully on-chain perp dex built on rise chain with $9m funding • season 0 is currently live • all trading activity since launch will count retroactively for season 1 • season 1 is expected to be announced during july 5️⃣ afx (@afx_xyz) • sovereign layer 1 built for perp trading • no vc or private round allocation • 27% allocation reserved for the genesis airdrop (fully unlocked at tge) • season 1 is now in week 6, with 440k points distributed so far • total 10m points will be distributed across 3 seasons • 20% of protocol revenue will be used for buybacks after tge 6️⃣ perpl (@perpltrade) • raised $9.5m + backed by dragonfly capital • being built on monad • the weekly points program distributing 50k points is now in week 4 • we are still in the early weeks of the 16-week mpoints campaign • total 1m mon rewards will be distributed ✳️ projects i’m watching that are still in the waitlist stage; ▫️arcus (@arcus_xyz): the rebrand of dydx, being built on robinhood chain. with the robinhood ecosystem hype, it could have strong growth potential. ▫️jtx (@jtx_trade): a project built by jito, which has raised $60m. ▫️percolator (@percolatortrade): a permissionless perp dex being built on solana. still in the waitlist stage and built on toly’s open-source engine. ▫️hellotrade (@hellotradeapp): a mobile-first perp trading app. raised $4.6m led by dragonfly. the founding team consists of former blackrock employees.
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