the winning factor comes when you've all the right infra in place most chains are building this out because they're looking forward to onboard the web2 <> web3 wave - be it stable payments/trading etc. for one, @Aptos has been introducing it with Baby Raptr, Zaptos, @shelbyserves and others perps activity/building w @kanalabs and @DecibelTrade is also looking promising
Few understand why building a global trading engine redefines what a decentralized exchange can do. Spot/perp DEXs on general purpose L1/L2/L3 running on general-purpose VMs run into massive limitations. Gas limits, inefficient liquidations, inability to order txns that allow for tighter spreads. Limited customer trading experience. Solve this holistically. Aptos MoveVM is the trading VM. Native trading operations Native trading storage Native trading SDKs/APIs Centralized exchanges make over $50B a year. The decentralized exchange space is just getting started and will be a way bigger market. Faster listings, more access, composability. Crypto realized.
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