Perpetual DEXs are 24/7, self-custodial venues where traders can long or short crypto assets with leverage, without expiry dates. Hidden Dangers Behind the Perp DEXs BoomWhile the $100 billion milestone is significant, troubles abound. According to Boxmining founder Michael Gu, this on-chain perps meta could explain why altseason feels muted. SponsoredSponsoredReally loving the onchain perps meta rn but I gotta be cautiously optimistic about this..For the first time ever, onchain perps volume has flipped spot volume on all major chains – by twice as much! SponsoredSponsoredChart of the DayPerp DEXs Volume.