Coin Pick: An Innovative and Fast-Growing Perpetual DEX

We had a closer look at this fast-growing perpetual futures DEX combining a high-performance orderbook engine with on-chain settlement, already delivering multi-hundred-billion-dollar trading volumes and operating at liquidity levels comparable to Hyperliquid, a top DEX out there so far. This new protocol appears moderately undervalued relative to peers—trading at ~47% of leading perp-DEX FDVs—while its hybrid architecture, multi-chain expansion, and strong incentive design create meaningful growth potential. However, investors must weigh this upside against significant risks including anonymous leadership, technical and smart-contract vulnerabilities, heavy token unlock overhang, regulatory exposure, liquidity fragility, and concentrated governance. To find out more, read more in the Coin Pick report...