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永續DEX的競爭格局逐漸明朗。从技術基礎設施看,HyperLiquid系和Aster系這兩條鏈可能會成為主要承載。其他團隊做聚合式交易、RWA衍生品或跨資產永續產品時,基於HIP-3和Aster的程式碼庫就已足夠支撐,根本不需要另起新鏈或重建新平台。
DEX的下半場競爭重點正在轉變。聚合式交易賽道最近明顯升溫,這很容易看出來——無論是一些頭部平台還是新興交易所,都在加碼聚合功能。這可能標誌著永續衍生品正從單鏈競爭進入跨生態整合時代。