2025-12-31 17:25:20

Looking ahead to 2026, the perpetual DEX landscape might enter a consolidation phase. After years of explosive growth and fierce competition among various perp trading platforms, we could see the market stabilize—with weaker players falling away and stronger protocols solidifying their positions. This isn't necessarily bearish; consolidation often means the space is maturing, innovation becomes more focused, and surviving platforms gain stronger moats. Whether it's improved UX, better capital efficiency, or deeper liquidity, the winners will likely be those addressing real pain points rather than chasing hype.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

9 Likes

Reward
9
6
Repost
Share

Comment

0/400

LuckyHashValue

· 2h ago

The integration phase is here, but that doesn't mean death; rather, the real gold rush is beginning. Wait, who is the one truly solving the problem? It's still unclear. Oh my, another round of reshuffling. Which projects are really getting things done? Sustainable DEX integration? To put it simply, it's like fire testing gold—those without strength should be gone. A moat sounds good in theory, but how many can actually defend it?

View OriginalReply0

MEVSupportGroup

· 10h ago

Integration is just reshuffling; it all depends on who has the stronger skills and who doesn't. The perpetual sector should have been cleared out long ago; the money-burning war has created chaos. To put it simply, those who do the work survive, while pure hype traders get lost. Moats? Ha, liquidity is the real king; everything else is nonsense. Probably only a handful will survive this wave.

View OriginalReply0

SorryRugPulled

· 10h ago

Integration = Shuffling, and a lot of small platforms will probably die too --- A strong moat sounds good, but it still depends on whose funds are stronger --- Solving real pain points? Uh... most are just chasing the hot trends --- No one can say for sure about 2026; let's survive 2025 first before bragging --- The final winners will be just a few; small and medium platforms are indeed risky --- This logic sounds reasonable, but I still don't believe it --- Perpetual trading has always been a game of big fish eating small fish

View OriginalReply0

FlashLoanLord

· 10h ago

The consolidation phase is just big fish eating small fish, nice way to put it. --- Another prediction for 2026, this time it's DEX's turn. --- Moat? I think it's just a moat for cutting leeks. --- Real pain points... which project is really solving this? --- Those who can't survive the next bear market will have to die; this is called consolidation. --- Basically, it's reshuffling; those without traffic or capital will all be kicked out. --- There's some truth to it, but the ones truly making money are always the top few. --- Wait, doesn't this mean small platforms have no way out? --- I just want to know if this prediction will crash and burn like last year's. --- Innovation and focus... so it's just copy-paste?

View OriginalReply0

MEVictim

· 10h ago

Let's just consolidate it; small platforms were doomed long ago. --- Moats? Ha, just wait to be broken by new projects. --- I've heard about solving pain points for three years, but isn't it all just hype? --- 2026? I only care about who is cutting the leeks now. --- You can't make money relying on such macro theories, brother. --- Another bunch of survivorship bias theories, wake up. --- The real winners have already gone all in; they're not even looking at the prospects. --- DEX integration? I think it's an opportunity for shorting. --- In the end, liquidity still rules the moat; stop talking nonsense.

View OriginalReply0

MEVHunter

· 10h ago

Hey, wait a minute, the integration phase? That means those small platforms burning money in gas wars are going to fail. But on the other hand, the arbitrage opportunities in the mempool are actually becoming more concentrated... The difficulty of sandwich attacks might decrease.

View OriginalReply0