2026-01-19 23:41:45

In a crowded perpetual DEX landscape, certain platforms manage to stand out noticeably. Here's what separates the winners from the rest:

First, strategic chain selection matters far more than most realize. The right blockchain infrastructure can make or break user experience and capital efficiency.

Second, yield mechanisms that actually work drive real adoption. When liquidity providers see their capital actively generating returns rather than sitting idle, engagement stays high. Case in point—certain yield-bearing protocols have scaled to impressive TVL figures (165M and climbing), proving that users will stick around when rewards feel tangible and sustainable.

Third, understanding what users fundamentally want goes beyond the surface-level feature checklist. It's about recognizing behavioral patterns and building accordingly. Not every protocol needs to chase the same trends.

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Layer2Arbitrageur

· 11h ago

ngl the chain selection point is where most protocols actually fumble. seen too many teams optimize for hype instead of actual gas efficiency lmao

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GmGmNoGn

· 11h ago

Honestly, the choice of the NGL chain really looks down on the chain selection group. 165 million TVL is just so-so.

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GateUser-4745f9ce

· 11h ago

ngl The choice of chain really can determine life or death, not an empty phrase... The yield mechanism is no longer competitive; instead, it depends on who can truly make LPs money. 165M TVL looks impressive, but the real skill is in retaining talent. Everyone is copying the same plan, it's pointless... Not following the trend actually wins? That's interesting.

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MerkleMaid

· 11h ago

NGL, choosing the right public chain truly determines life or death; some DEXes fail because they chose the wrong chain... The yield mechanism must be genuine and sustainable, otherwise it's just a front for pulling the wool over users' eyes. That 165m TVL is indeed impressive. Don't compete unnecessarily, everyone. Not every protocol needs to copy others; find your own user profile first. There are so many perpetual DEXes, but only a few truly understand user psychology. If the chain is chosen correctly and the yield is sustainable, then it's just a matter of luck... Yield isn't reliable; without it, everything is pointless. Users aren't fools.

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RooftopReserver

· 11h ago

No, is that all you have after half a day of talking? Chain selection is indeed important but it's not exactly new... It still feels like those yield numbers are just a bluff. --- 165M TVL sounds impressive, but how many actually generate volume? Still the same old rhetoric. --- Haha, here we go again talking about "understanding user behavior," but in the end, it's just adoption bought with money. --- I agree with the first point, but the other two... Is the yield mechanism effective? Why not mention those that collapsed? --- So the core is still about choosing the right chain, everything else is just superficial.

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DiamondHands

· 11h ago

To be honest, with so many perpetual DEXs nowadays, those that truly retain users are still the ones with well-designed yield mechanisms... 165M TVL didn't come out of nowhere; users aren't fools. Things that can make money naturally keep users engaged.

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AllInAlice

· 11h ago

ngl Chain selection is really an obscure threshold; some projects fail simply because of this. If the yield mechanism doesn't work, it directly discourages users. That 165M TVL truly shows an understanding of user psychology. By the way, are there still projects blindly following the trend now? That's hilarious. Why doesn't anyone talk about how to turn things around if you choose the wrong chain? Reliable yield definitely retains users; it's more effective than all the flashy features.

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