- Thread Author
- #1
The so-called Perp DEX wars of 2025 were intense, with new money and technology flooding the space. Personally, I think it reflects the competitive spirit of crypto, where innovation never rests. What surprises me is how quickly platforms adapted, refusing to be disrupted. For me, the most important aspect is resilience—competition forces protocols to improve. I believe these wars ultimately benefited users, delivering better tools and lower costs. In the end, the battles of 2025 highlight that DeFi thrives on rivalry, and progress often comes from conflict.