A couple of days ago, I went to my friend's place to mooch off his online class, and out of nowhere, he blurted out: 'Bro, did you know? Starting a contract-based DEX is ridiculously easy now. @OrderlyNetwork has launched a one-click tool called Orderly One!' I was thinking to myself: 'What? Even my neighbor Xiao Wang can start a trading platform now?' My friend excitedly gave me a demo: 'Look, you just need to integrate their SDK, and your exchange can go live. Liquidity is automatically shared, and you can even set your own fees. People are calling this "Perp DEX as a Service." Even KOLs can launch their own mini exchanges.' I opened the ecosystem dashboard to take a look— Whoa, there are hundreds of DEXs listed, but over the past 30 days, 80% of them haven’t even made $1,000 in fee revenue. I couldn’t help but laugh: 'Isn’t this just like everyone opening their own little convenience store? Sure, it’s lively, but very few are actually making money.' My friend tried to convince me: 'Don’t be like that. This lets more people launch quickly!' I shook my head: 'Honestly, this feels more like Orderly pushing their own token strategy. To start a DEX, you need to shell out $1,000, or use ORDER tokens for a discount. Then there’s buybacks, campaigns, promotions… The real profit is going to Orderly, not every small DEX.' I kept roasting: 'Besides, most of these small DEXs are just attracting airdrop farmers. Real users and trading volume haven’t even picked up. Who can survive long-term? Only a few DEXs with actual liquidity and real players.' My friend paused for a moment, then chuckled bitterly: 'Sigh, so you can’t just blindly follow the trend when starting a DEX…' I waved him off: 'It’s just like opening a bubble tea shop. Having a flashy storefront isn’t enough; the key is getting people to come back and buy every day.' Then the two of us went for coffee, laughing so hard at the names of those thousand-plus small DEXs on the screen that we almost spat out our drinks— Lively, sure, but truly profitable ones? Few and far between. @OrderlyNetwork @KaitoAI @KaitoYap