The hype around decentralized contract trading platforms is rising, mainly because: 1. Contract platforms are basically blocking U.S. users, and Europe is following suit. They need on-chain products. 2. CEXs are imposing more and more restrictions and regulations, and users are increasingly reluctant to use them. 3. With Trump in office, you can do whatever you want without much interference; otherwise, it would’ve been shut down already. 4. Blockchain performance is more mature now, providing better support for product experiences. But just like the old CEXs, once they grow big, they still can’t avoid issues like regulation, KYC, and anti-money laundering. Taking advantage of this Trump-era window, maybe in the future, we’ll see a hybrid product that combines CEX and on-chain solutions and is also recognized by regulators.