Which perp DEX can be the next Hyperliquid? After hyperliquid’s breakout, every serious trader is asking the same question: which perp DEX has the potential to run next? More than 20+ DEXs are incentivizing early users with aggressive point systems, trading quests, and liquidity rewards but the hard truth is that most will die out after farming ends, the one that builds long after farming ends will win. These are the ones that i think have the potential to become big (ranked by potential): 1. Hibachi Funding: $5m Edge: fast team, very responsive, strong feedback loop Incentives: 1m points/week (based on volume + trading tasks) My play: Complete all quests, drive ~400-500k weekly volume, participate in comps. My current rank is 135. Link: hibachi.xyz/r/kryptofantom 2. Lighter Backing: strong, polished UX Edge: zero trading fees Incentives: 250k points/week (volume, duration, liquidation, ROI, etc.) Invite-only (DM me if you need a code / drop yours below) My play: trade low OI pairs with long holds for better scores, + deposited in public pool (70%+ APY). My current rank here is 1123 Link: app.lighter.xyz/ 3. Avantis Backing: built on base, $12m raised Edge: applicable beyond crypto, currencies & commodities trading Fees: zero trading fees My play: 100-150k weekly volume + $500 LP position. current rank 658. Link: avantisfi.com/referral?code=… 4. Variational Backing: $10.3m, arbitrum-based Edge: widest coin listings Status: beta (low liquidity improving daily) My play: ~10k daily volume. rank 195. invite-only beta (DM for codes). 5. Aster Backing: binance Edge: pivoted from other product → now perp DEX, already good volumes Incentives: no points yet for perps My play: ~500k weekly volume + small sum in earn product. Link: asterdex.com/en/referral/2D6… 6. Paradex Edge: Building SuperDEX on Starknet, cheap fees & good liquidity. Incentives: XP for trading My play: ~300k weekly volume. My rank is 359 Link: app.paradex.trade/r/kryptofa… Closing thoughts Hibachi and Lighter looks most promising. The goal here isn’t to chase every shiny new dex, the goal is to farm smart now based on key parameters, build a position, and then double down on the ones that prove they can outlast the cycle. Crypto doesn’t need 20 perp dexs. maybe 2 or 3 will matter in 2027 The real wealth comes from catching them early, farming while it counts, and compounding conviction when they show real staying power.

All stocked up on ETBs

I will say it again @mnstr is the best gacha out there Hit 3 legendaries in couple of days $150 -> $2563 $150 -> $1642 $500 -> $5500 Start using Monster; the best hit rates out there!

Another legendary @mnstr gonna get this one shipped!

Pulled a legendary one piece card on @mnstr Is my gacha luck back?

The points strategy clearly worked very well this week on @variational_io Got 42 points 🔥

Ripped an OP 06 Booster box Got 3 amazing pulls 💸

Pulled this OP Portgas D. Ace on @mnstr

Did i catch the #sandisk result bottom?

Went to this pop up Pokémon card store today !

The gacha gods blessed me again last night !

Finally a legendary pull @mnstr

Ripped an epic on @mnstr

Wow got this from my first pull on @trylastpack Try it out & do check their rewards program!

I just pulled 2000 Pokemon Neo Genesis 1st Edition #17 Typhlosion-Holo worth $827.64 🔥 mnstr.xyz/share/packs/101870… via @mnstr

The best pokemon gacha game out there @mnstr Just started today and i am at #3 on weekly leaderboard with $6k P&L The EV boost feature stands out amongst competition!

Pulled back to back rare cards on @mnstr

Seems like @variational_io 's recent raise has brought the perp dex meta back to life! Promise to self- Sell the points once they hit $50-60$; not waiting for TGE this time

This wallet trading stocks on Tradexyz is down from +$8.99 Mil to -$3.57 Mil in a span of 2 months. They are still refusing to back down from their US stock market shorts! hypurrscan.io/address/0xefd3…