Looking at some promising early-stage projects worth keeping on your radar. Architect is building perpetual futures trading for both traditional assets and crypto, having secured $35 million in funding with $52 million in total backing from major investors including Coinbase, Galaxy, and VanEck. Their approach bridges conventional finance with digital assets, targeting traders who want exposure across multiple markets through a single platform.

Meanwhile, Phoenix Trade is developing a perpetual DEX focused purely on decentralized derivatives trading. Both projects represent the emerging wave of institutional-grade infrastructure being built in the Web3 space. The trend shows clear investor appetite for sophisticated trading venues that can handle both CeFi and DeFi liquidity.