The rotation phenomenon of Perp products is indeed quite interesting.
Aster still occupies a top position, but the flow of funds from traders is constantly changing. Interestingly, Lighter's trading volume may see a significant drop after December 29 (the expected airdrop date).
There are still many airdrop projects in the market poised to launch. edgeX and Paradex have long signaled their intentions, and the timeline for subsequent realization is worth paying attention to. Such rotations are usually closely related to airdrop expectations—funds gradually withdraw from the previous hotspot before chasing the next opportunity. From on-chain data, the rhythm of this liquidity shift is very clear. For users participating in perpetual trading, grasping this cycle is crucial.
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The rotation phenomenon of Perp products is indeed quite interesting.
Aster still occupies a top position, but the flow of funds from traders is constantly changing. Interestingly, Lighter's trading volume may see a significant drop after December 29 (the expected airdrop date).
There are still many airdrop projects in the market poised to launch. edgeX and Paradex have long signaled their intentions, and the timeline for subsequent realization is worth paying attention to. Such rotations are usually closely related to airdrop expectations—funds gradually withdraw from the previous hotspot before chasing the next opportunity. From on-chain data, the rhythm of this liquidity shift is very clear. For users participating in perpetual trading, grasping this cycle is crucial.