2026-01-04 15:24:31

Let me drop some real talk on perp DEX farming.

The truth? There's probably no next Hyperliquid waiting in the wings. Farming returns on perpetual DEXs have taken a serious hit, and honestly, most teams already know this—users bounce right after the airdrop lands.

So why are they still throwing capital at it?

Better question: what keeps people around when the tokens stop flowing? The smart teams are already cooking up some creative mechanics to lock in liquidity and engagement beyond that initial airdrop rush. Retention is the real game now.

That's where the next wave separates hype from actual staying power.

PERP-2,24%

HYPE3,63%

AIRDROP-3,05%

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shadowy_supercoder

· 2h ago

Airdrops are over and everyone disperses; this is the fate of perp DEX, isn't it?

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AirdropChaser

· 3h ago

To be honest, the mining returns are really disappointing right now, and after the airdrop, everyone leaves and loses interest. The real test is still to come.

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WhaleMinion

· 01-04 15:54

Running after airdrops is a common practice in the industry, haha.

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GasSavingMaster

· 01-04 15:50

Another perpetual DEX, here we go again with the story. After the airdrop, they'll run, everyone knows.

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SchrodingersFOMO

· 01-04 15:45

Airdrops are just a scam once they land, how many times has this trick been played? Still throwing money, it's really outrageous.