Why On-Chain Perpetuals Are Messy, Brilliant, and Here To Stay
Whoa! This whole space moves fast. I remember my first perp trade — heart racing, phone buzzing, margin screaming. My instinct said: this is either genius or a disaster. Initially I thought decentralized futures would be a niche for die-hards, but then I watched liquidity aggregate across on-chain venues and realized something bigger was happening….