Understanding the importance of revenue streams & fee distribution for large and small perpetuals.
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When we think of perpetual DEXs and how they generate fees, we make the assumption that almost all fees should come via trading.
However, a perp. DEX is much more than that. Swaps, Arbitrage, and perps create a broader fee generator model for the platform.
$MVX is an example.
$MVX is a perp. DEX on Polygon, you can read more about them in the thread below.
The reason I constantly use them as an example is because they're situated between other perps their size, like $UNIDX and upcoming $DXP, but they are not $GMX or $GNS.