Recruiting contract exchanges is the top priority, as 90% of contract accounts do not survive for more than 6 months. Therefore, exchanges will eventually enter a competition for new customer acquisition capabilities, and the biggest challenge for PERP DEX to challenge CEX will be this, as most novice users (the main source of contract fees) are indifferent to decentralization and other aspects. Dydx completes a cold start through tokens, at the cost of losses for all buyers and leading to the decline of the platform; GMX distributes the profits to LP and holders, but at the cost of limiting the platform's imagination space and expanding the upper limit of the mechanism, it can only settle for a corner. New PERP DEs are still emerging, but if you want to snatch users from Binance, you definitely cannot rely on "more decentralization" - many users have less trust in cross chain bridges and wallets than Binance, because although Binance is decentralized, the trust brought by its strong financial reserves is already strong enough for small retail investors.