2026-01-10 15:27:47

The 8 Possible Foreshadowings of the 2026 Perpetual Trading Ecosystem: From Infrastructure to Potential Dark Horses

The perpetual DEX track is currently diverging. Some are favored by VC capital as technical players, while others leverage ecosystem relationships to open up market space. To understand this situation clearly, you first need to ask yourself a question: what type of trader are you?

Script players, manual grid traders, or large-scale wealth managers—each requires completely different projects. The former needs an environment with high liquidity and low slippage, while the latter pursues stable returns and risk isolation. This determines which track you should position yourself in.

Even more concerning is the issue of marginal returns. The profit curves of some early star projects have already begun to flatten, while new entrants are still making decisions based on outdated data. This is partly due to market saturation and partly due to deteriorating mechanism design.

An

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TestnetFreeloader

· 13m ago

The early star project returns have already stabilized. Is anyone still buying the dip? Wake up, buddy.

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CryptoGoldmine

· 20h ago

It's a good point that marginal returns are leveling off. I've also been reviewing my trading data from the past three months, and indeed, the ROI of many old projects has fallen back to single digits. The key still depends on the computing power return ratio, rather than blindly following financing news.

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DefiPlaybook

· 22h ago

Speaking of which, the divergence of perpetual DEXs is indeed visible to the naked eye, but I am more concerned about how many of those projects claimed to be heavily backed by VCs will still be around in 2026 [dog head]. To be honest, people who manipulate the market with old data should have already been cleared out. The key is to look at the actual trading volume behind the TVL, not just the funding news. Which 8 projects are specifically involved? It feels like another scripted article; in the end, you still have to dig up the data on-chain yourself.

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SurvivorshipBias

· 01-10 15:57

Returns have stabilized; early investors are just earning from their initial investment now.

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ChainComedian

· 01-10 15:57

Early project returns have stabilized, which is why I always lose money by still trying to buy the dip...

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GasFeeCrybaby

· 01-10 15:57

I've really seen too many early projects' returns level off. Those guys still copying and pasting old strategies will suffer sooner or later.

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CounterIndicator

· 01-10 15:53

Bro, these 8 projects are well analyzed, but to be honest, most people are still stubbornly sticking to projects with flattening revenue curves. VC funding is the real signal.

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MetaEggplant

· 01-10 15:40

Honestly, I really feel the flat returns lately. The few early ones I hold are now just like salted fish.

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MEVHunterNoLoss

· 01-10 15:31

The return curve of early projects has flattened, and most of the current chasing is probably by bagholders.

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AirdropGrandpa

· 01-10 15:28

The flattening of marginal returns is really heartbreaking. Those who benefited early on are now holding on tightly, while newcomers are still looking at data from three months ago to sell off.

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