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There's a new stable name in the top10 perp DEXs
That's @StandX_Official, and it is generating close to $1B in volume every day, with a rising OI
The OI did almost a 2x since the launch of SIP 1 & 2
Did the team create the most efficient perpetual trading protocol in existence?
It might be a bit early to say that, but StandX is definitely treading on uncharted waters here, with the P2P model bringing in more users
If capital efficiency is the name of the game, then it shouldn't be a surprise that IP pushed OI this high (and it will continue to do so)
The UI and UX of Block Trade is also pretty good, making the P2P trading more enjoyable
I loved the addition of being able to compare order price differences against live market prices without having to travel back and forth to different tabs
I'm curious to see if we'll see a lagging explosion in TVL as well
💹 April started great for StandX, let's see how it ends 💹