Thread by @FarmerTuHao

1. Perpetual Exchanges have found product market fit and gained massive traction even within the depths of the bear market.

Imagine what they can do in the bull market.

Here are 5 existing/upcoming Perps Exchanges that you must keep under your radar:

🧵(1/18)

2. The success of Perpetuals Exchanges comes from their ability to consistently generate meaningful revenue that translates into real yield.

Not sure what Perpetuals are? Here's a thread that can get you up to speed:

https://twitter.com/FarmerTuHao/status/1551641157314105344

3. Without further ado, let's go straight into the list! First up, @GMX_IO.

Chain: @arbitrum, @avax

Live on Mainnet: Yes

Token: $GMX

4. The King, the Legend. @GMX_IO needs no introduction as a protocol with one of the highest daily revenue in DeFi as well as the protocol that kickstarted the #RealYield movement.

However, there's still room for them to go even further.

5. @GMX_IO's future bullish catalysts include the launch of the PVP AMM as well as synthetic assets that can potentially bring more trading volume to their platform which translates to even more revenue.

@NintendoDoomed has a very well-written breakdown of their future updates:

https://twitter.com/NintendoDoomed/status/1645101280917090305

6. Next up, @VortexProtocol.

Chain: @SeiNetwork

Live on Mainnet: No, estimated to launch in Q2 2023

Token: not launched yet.

7. @VortexProtocol is the first perps exchange to launch on @SeiNetwork and will utilize the peer-to-peer concept made possible thanks to Sei's on-chain Order Matching Engine.

8. On Feb 2023, @VortexProtocol was acquired by @SushiSwap, one of the OGs of DeFi with an extensive history.

With all of the experience and network effects that Sushiswap has acquired over the years, it'll be interesting to how they'll use it to further enhance Vortex.

https://twitter.com/vascodm_/status/1628767641476247554

9. Next up, @GainsNetwork_io

Chain: @arbitrum, @0xPolygon

Live on Mainnet: Yes

Token: $GNS

10. It isn't far-fetched to say that @GainsNetwork_io's gTrade boast one of the widest variety of assets for trading:

45 crypto assets with 150x leverage
23 stocks with 50x leverage
17 forex pairs with 1000x leverage

https://twitter.com/GainsNetwork_io/status/1653772660864856064

11. Even with a relatively late launch on @arbitrum on 31st Dec 2022, @GainsNetwork_io has managed to cement itself as one of the top revenue generators, with the 3rd highest cumulative 30-day revenue according to @DefiLlama.

What will happen when the bull market arrives?

12. Next up, @Levana_protocol.

Chain: @osmosiszone, @SeiNetwork

Live on Mainnet: No

Token: Not launched yet.

13. @Levana_protocol aims to be the GMX for the @cosmos ecosystem, allowing it to have the first-mover advantage. With a modular design, it makes it easy for them to deploy on multiple chains.

These are the features that it will offer:

14. What's interesting is that a lot of research has been done on existing exchanges and Levana's perps exchange is designed with the best practices from each of them, allowing it to have the lowest fees and protection from insolvency.

blog.levana.finance/introduction-t…

15. Last but not least: @vela_exchange

Chain: @arbitrum

Live on Mainnet: No, launch soon

Token: $VELA

16. @vela_exchange is a GMX-style Perpetuals Exchange with a heavy focus on User Experience to bring forth the CEX-like experience when trading.

They have gained massive attention and built a very strong community with their exceptional marketing strategies.

https://twitter.com/TheDeFinvestor/status/1652331094342238208

17. There are multiple bullish catalysts for @vela_exchange:

🚀 Effective marketing team

🚀 Official launch in May 2023

🚀 Addition of trading of Metals

🚀 UX upgrades such as 1-Click Trading and On-Chart Trading

https://twitter.com/vela_exchange/status/1654201444831207427

18. That's it!

Know of any Perpetuals Exchange with great potential but is currently under the radar? Let me know in the comments section below!

Disclaimer: This is not a sponsored post and I do not own any of the tokens mentioned above.

DeFi Legends to follow:

@Deebs_DeFi

@Flowslikeosmo

@Hercules_Defi

@0xSalazar

@wacy_time1

@WinterSoldierxz

@rektdiomedes

@0xsurferboy

@francescoglt

@DeFiMinty

@arndxt_xo

@IamZeroIka

@0xTindorr

@DU09BTC

@TheDeFinvestor

@crypthoem

@DefiIgnas

@DeFi_Made_Here

DeFi legends to follow (II):

@poopmandefi

@jake_pahor

@definapkin

@CryptoStreamHub

@2lambro

@crypto_linn