CT loves speculating about point prices for every perp DEX - predictions are almost always super bullish, with valuations sometimes reaching absurd levels.
But let's not forget that alongside massive airdrops like Optimism, Arbitrum, and Starknet, there were also plenty of rekt stories from other L2 ecosystems - zkEVM, Cyber, Kroma, Mint, Zora, Scroll, Eclipse, Optopia, Mode, zkLink, Sophon, Lens, Corn, AlienX, Swell, Zero… honestly, the list could go on forever.
And the same applies to perp DEXs. Some may launch with a $20M FDV like Paradex, while others may shut down before even reaching the airdrop stage, like Ranger Finance or Polynomial.
That's why it's important to stay realistic and focus on the project's actual metrics today, as well as how the team treats its community. Because all these ultra-bullish point valuations across every perp DEX will realistically materialize for maybe only 2-3 projects - the rest will fail.
Unfortunately, that's just the reality of the market. Survival belongs to the strongest.