Understanding the importance of revenue streams & fee distribution for large and small perpetuals.
𧡠π
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.