After Hyperliquid opened the ceiling, Perp DEX has become an incredibly competitive track, with at least 20-30 companies working on it Compared to the booming trading volume driven by airdrop points, it is still necessary to pay more attention to the platform's capital, such as the popular Lighter and Backpack, which have a capital of around $200 million, while other edgeX, Ostium, and Paradex have a capital of between $50 million and $100 million