🤨 When trading stops paying off — the "revolutionary exchange" launches
James Wynn has officially rolled out his platform for perp trading.
Ambitions laid out without modesty:
they aim to become the third-largest perp DEX after Hyperliquid and AsterDEX.
In the presentation, everything is as crypto loves:
⚫️ "we won't be a corporate machine"
⚫️ "we'll return value to the community"
⚫️ "we'll share the profits"
⚫️ "we're building a next-gen exchange" 😁
But the market reacted with maximum toxicity.
Part of the community believes that the whole story is just Wynn's attempt to recoup his losses and flood the liquidity at the expense of users who will deposit there.
Meanwhile, the perp DEX market is currently super overheated. Everyone wants to replicate Hyperliquid's success because the numbers there look like a money printer.
Ps: In crypto, the phrase "we don't want to profit off users" usually comes right before they start profiting off users 😭
#DEX #Hyperliquid #trading
👀 Subscribe, here we break down what's a real product and what's just another pretty package for liquidity gathering.
James Wynn has officially rolled out his platform for perp trading.
Ambitions laid out without modesty:
they aim to become the third-largest perp DEX after Hyperliquid and AsterDEX.
In the presentation, everything is as crypto loves:
⚫️ "we won't be a corporate machine"
⚫️ "we'll return value to the community"
⚫️ "we'll share the profits"
⚫️ "we're building a next-gen exchange" 😁
But the market reacted with maximum toxicity.
Part of the community believes that the whole story is just Wynn's attempt to recoup his losses and flood the liquidity at the expense of users who will deposit there.
Meanwhile, the perp DEX market is currently super overheated. Everyone wants to replicate Hyperliquid's success because the numbers there look like a money printer.
Ps: In crypto, the phrase "we don't want to profit off users" usually comes right before they start profiting off users 😭
#DEX #Hyperliquid #trading
👀 Subscribe, here we break down what's a real product and what's just another pretty package for liquidity gathering.