静心1688

Hey everyone, today let’s talk about a sector with a rock-solid business model: Perp DEXs, or decentralized perpetual futures exchanges.
Unlike many sectors whose valuations are propped up by far-off promises, Perp DEXs have proven themselves with real money: real traders, fee revenue, and competition for liquidity. All user activity and trade data are recorded on-chain and can be checked by anyone. Their goal is simple: bring the smooth futures trading experience we’re used to on centralized exchanges like Binance and OKX onto the blockchain, while preserving DeFi’s core advantage—your assets stay in your own wallet. You don’t have to hand your coins over to a platform for custody; settlement is handled entirely by smart contracts, in a transparent and open way.

BlockBeats News, November 9: On-chain analyst Murphy published an analysis using on-chain data to assess the true level of fear in the Bitcoin market. Murphy noted that on November 5, realized losses incurred by long-term holders transferring Bitcoin to exchanges (LTH-RLTE) reached $139 million. This figure was exceeded only during the most fearful periods of the past year, in February and June, indicating severe anxiety in the current market, with even long-term holders beginning to “capitulate” and sell. On the other hand, this often means that panic selling is being flushed out more quickly. By contrast, short-term holders are not “selling in a panic,” having completed most of their turnover earlier this year. Their average cost basis is currently around $75,000–$76,000, near the breakeven point at the current price, so most are choosing to hold and wait.