Love @extendedapp, really impressed with their growth and performance.
My 2 cents on why is Extended doing so well:
It’s all about choosing the right design for their users (and of course the best tech -- @Starknet -- that makes these design choices possible).
It's a User first approach -- prioritizing self-custody, low fees, fast operations, intuitive UX, building easy access.
For example:
- Smooth onboarding - users can deposit directly to Extended from 6 EVM chains and from Starknet wallets (This is a benefit of Starknet’s composability and interoperability)
- Fast txs and low costs - Perps need scaling to keep txs fast and cheap. Starknet delivers *massive* scaling.
- Self-custody: Another example of the Users First approach. @extendedapp chose a settlement layer that would preserve trustlessness for the users. It settles on Ethereum, via Starknet, to make sure that users’ funds and settlements are in the hands of a decentralized, unbiased, external party. Good choice.
- Decentralized settlement layer - Extended is operating on Ethereum (which is fully decentralized) through Starknet (which is underway to true decentralization). This is all about empowering *users*, strengthening security, ensuring integrity -- decentralization is the only way to ensure all those. Choosing a decentralized settlement layer is good for users.
- Better and larger computational power. Perps are complex and computation-hungry? Starknet can handle that, no problem.
In short, @extendedapp prioritize user needs.
And Starknet is the best tech to make this reality ;-)
The result: (Amazing) growth

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