The market is now very clear on whatโs worth grinding and whatโs already late.
Perp-DEX hype won't die down easily. However, it's important to carefully select the projects you'll be involved in. Let's take a look at some of the projects I'm following.
The real play
@cascade_xyz = EARLY
Only pre-deposits so far. Early access holders are farming points aggressively
Later on, farming these points will be extremely difficult
@variational_io
Very hyped, everyoneโs talking about it
Feels early
Will it deliver? Not fully convinced
Still worth hanging around without overcommitting
@paradex
Big play. Strong product.
But late. We already talked about this before.
@BasedOneX
I shared alpha before the token launch
Hyperliquid narrative
Launch failed -> cashback only
You couldโve farmed points via usage; I barely touched it and faded
Late now
@nadoHQ
Kraken product. Grinding for the Ink narrative
Somewhere between early and late
You can grind it, but Iโm not convinced
That said most people are fading it
If a surprise drop hits, grinders win big
@Backpack
Late of the late
People have been grinding this for almost two years
@edgeX_exchange
Clearly late
@pacifica_fi
Solana-side Hyperliquid-style spot perp
I couldnโt get in due to lack of access/code
Still grindable, but late for me
@grvt_io
Late
It will probably do fine, but we faded it even before perp hype and it was already getting crowded back then
@StandX_Official
Late
I will conduct detailed analyses of all of them, including daily and monthly trading volume data, and seasonal information for earning points.