Crypto rotations are quick and brutal but perp dex traders are even more aggressive.
Money can move from one dex to another in no time. There is no loyalty, only better trading experience and incentives.
That is why we saw dydx -> GMX -> Hype rotations in just a few years.

Twitter

The attack on the Web3 social platform UXLink turned out to be a rare scenario: attackers stole more than $30 million but fell into a phishing trap

UXLink hackers fall into phishing trap after exploiting $30 million vulnerability

Shark Binh warns: Many startups issue coins that raise 3-5 million USD and then start to 'go bad', causing investors to lose money while the founders 'keep the money' and benefit. At the Go Global 2025 Conference that just took place, ...

Shark Binh: Many startups issue coins to raise 3-5 million USD and then start to 'go bad'

Bitcoin price has faced sharp losses in recent days, reflecting the pressure of a bearish market environment.
The crypto king dipped below key thresholds, sparking fears of a potential bear market str...

Bitcoin’s Breaking Point: BTC Below This Price Would Signal Bear Market

While on the topic, remember how Arthur was super bullish on GMX to dump it soon later.
It was a good decision. Let's see if selling $HYPE will be the same

Uniswap is still the leading DEX but Fluid is catching up fast