2026-01-12 16:21:34

The current DEX track has become a red ocean. Why are new players still fighting hard? The key lies in the direction of innovation. Many DEXs remain at the stage of copying and pasting, while projects like Honeypot are breaking the norm—from trading depth, slippage optimization, to liquidity incentive mechanisms, each aspect is not about following the trend but truly differentiating themselves. The market is not lacking DEXs; what is lacking is DEXs that can solve practical pain points. Many traders are tired of the roughness of existing solutions, which is precisely the window for a new wave of innovation. The question is not whether to build a DEX, but how to do it so that you can stand out in a saturated market.

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Ser_APY_2000

· 14h ago

Oh dear, another "We're different" story. Can it really be different? Slippage optimization is just for listening; the key is whether liquidity is sufficient. Rather than calling it innovation, most are just copying. What sounds like differentiation is actually just a trend-following variant. Honeypot? Let's first look at the TVL. Few survive in the red ocean; can this time be different? Honestly, trading depth speaks louder than concepts.

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RektRecorder

· 14h ago

It's easy to talk about it nicely, but how many projects can truly deliver? Most are just putting lipstick on a pig. Honeypot is indeed being optimized, but surviving the next bear market is what really counts. Slippage optimization sounds good, but the key is whether the liquidity is deep enough. Innovation is the right direction, but execution is hell. In the red ocean, competing fiercely, in the end, it's still about marketing. Differentiation ≠ success; these two are not necessarily connected. How many of the projects being hyped now will still be remembered after half a year? They do address real pain points, but whether users will pay for it is another matter. There are plenty of solutions to the pain points, but no one is using them. I really want to see someone come up with something truly different. Instead of talking about innovation, it's better to stabilize liquidity first. The market doesn't lack ideas; what it needs is a reliable team.

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DegenMcsleepless

· 14h ago

Honestly, I'm tired of seeing another DEX project... but Honeypot this time is truly different. The slippage optimization really hit my pain points. The red ocean is a red ocean, but copying won't produce anything new. You still need to have real skills. Instead of asking whether to do it or not, it's better to clarify what you can offer that others don't... otherwise, you're just a lamb waiting to be slaughtered. Everyone talks about innovation every day, but only a few really do it. This time, it looks a bit interesting. How are they handling liquidity incentives? Feels like old news.

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MEVvictim

· 14h ago

Basically, it's about competing, but there are only a few who can really come up with new tricks. I'm tired of hearing about slippage optimization; it depends on how the actual trading experience turns out. Existing DEXs are indeed struggling, but how long projects like Honeypot can survive is really uncertain. Instead of boasting about innovation, it's better to prove that you can make money first. Fighting in a red ocean, differentiation sounds easy to achieve but is actually difficult. The problem is users are not fools; whoever can truly reduce slippage will win. The liquidity incentive scheme ultimately relies on subsidies to create a false prosperity. If you want to stand out, first pass security audits and market tests before doing anything else. Right now, all DEXs are talking about pain points, but I haven't seen many that actually solve them.

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MEVHunter_9000

· 15h ago

Basically, it's about who can truly solve the slippage problem; everything else is empty talk. There are so many DEXs that it's overwhelming, and only a few are actually usable... Is Honeypot serious this time? They talk about innovation every day, but how many really deliver? Only those who stand out in the red ocean count. Liquidity incentives are a common trick, but the key is execution. The track is saturated, no one can just lie back and win; it's all about product strength. It feels like another hype cycle; let's wait until it launches before making any judgments.

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