Another perspective: on-chain perpetuals (Perp DEXs) have grown too big to be considered niche. Platforms like Hyperliquid can see monthly perpetual trading volumes reach the hundreds of billions, with daily volumes often in the billions—showing that people really do use “self-custody + transparent liquidations.”

The point isn’t to chase a particular price level, but to recognize that leverage and liquidation mechanisms themselves amplify volatility; pairs involving small-cap coins with thin liquidity are more prone to slippage. They’re worth understanding as a tool, but they’re not an excuse to use leverage blindly.

There are risks. Managing your position size matters more than choosing a platform.#DeFi #PerpetualContracts