The competition in the perpetual contract DEX track has become fierce. To establish a foothold in this market, the key is to find your own differentiated approach.

The most immediate question is: why would users switch from leading platforms to emerging players? It's not just about sentiment; it must be backed by tangible incentives and product strength.

Airdrops and subsidies are the stepping stones for entry, and this is beyond doubt. But long-term competitiveness depends on several key indicators—liquidity depth determines trading experience, as markets without sufficient depth can cause users to flee at any moment; secondly, the unique value of the product—whether it truly offers features others lack or provides a better trading mechanism. These elements combined can form a real moat. The track is still rapidly evolving; those who can find their positioning faster will have a better chance to break through.