2026-01-13 03:06:12

Looking at the price performance, the 100M liquidity of a certain top ultra-high-frequency DEX is indeed not as strong as another flagship DEX. Don't even mention comparing it to a new emerging DEX; the gap is obvious 😅

Friends holding positions have already seen new lows, and many traders are a bit confused—are they normal shakeouts or is no one really interested anymore, and are they starting to look for the next target?

Interestingly, many overseas traders are calculating fees and P/E ratios, but it seems they haven't figured out a core point: the true profit source of this type of DEX is actually the gains from delayed arbitrage. Many people only look at the surface trading fees, ignoring a deeper value mechanism.

The market is adjusting, and perceptions are evolving. Only traders who truly understand each DEX's business model can find opportunities in the next wave of market movements.

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MrDecoder

· 14h ago

Forget it, I'll just honestly focus on latency arbitrage. The fee structure is just not meaningful at all.

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BuyTheTop

· 14h ago

It's not the first time being proven wrong, is it? Is this really a shakeout or is it truly over? --- The aspect of delayed arbitrage has indeed been overlooked. No wonder those who only look at fees always end up getting caught. --- Wait, have you really understood this set of business logic, or are you just following the crowd and shouting orders? --- I've held my position for so long and still haven't figured it out. Who is really the winner? --- The rise of new DEXs is happening too quickly; the top players really can't hold on anymore. --- That small amount of fees is not the main point at all; the core still depends on depth and liquidity. --- Alright, stop chatting. Let's see the results next quarter. --- I'm a bit curious about who can survive later on. It feels like such fierce competition, no one is really making money. --- I haven't fully figured out the arbitrage profits yet. Can someone explain it clearly?

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SorryRugPulled

· 14h ago

Here comes the same old scheme of harvesting profits from new investors, delaying arbitrage gains? Have you calculated your own principal recovery period?

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RektButStillHere

· 14h ago

Accumulating or panic selling, only by looking at the returns from delayed arbitrage can you tell. Most people simply don't understand how DEX makes money.

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NeverVoteOnDAO

· 14h ago

Honestly, this wave is really tough. Who can say whether it's a shakeout or a real run? Regarding delayed arbitrage, you're right. Most people only look at the fee numbers and never consider the underlying logic. The next market move? Let's just focus on surviving first, brother. Everyone is looking for the next target, but actually, they haven't found where the current value point is. In times like these, the test is the hardest. Either hold on stubbornly or cut losses. I've already made my choice.

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