2026-01-18 18:37:32

In the past 24 hours, the revenue ranking of a leading perpetual trading protocol has fallen out of the top five. This decline is mainly a short-term phenomenon, caused by the high trading activity of a certain memepad drawing away some traffic. From a longer-term perspective, this perpetual DEX still maintains the highest profitability in the market and remains competitive among all perp trading platforms. Although many competitors are making efforts in the market, this ranking fluctuation has not changed its core position in the DeFi trading ecosystem.

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GasBankrupter

· 5h ago

Falling out of the top five? What's going on, is it another meme rug pull?

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CommunityWorker

· 10h ago

Falling out of the top five? It's just a meme trend, what's there to panic about?

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BearMarketSurvivor

· 14h ago

Ranking falling behind in 24 hours and rushing to explain? This is the true face of the market. --- Short-term traffic transfer is normal, but data will tell the truth. Who to support depends on sustained profitability. --- It's true, but the question is how long until the next meme hotspot arrives. The competitors are sharpening their blades. --- It's not scary to fall behind in the top five, what's deadly is when the supply lines are cut. --- In this game of perpetual DEX, only the last survivor is the winner. Ranking fluctuations? I'm more concerned about whether it can last until the next cycle. --- This is how market psychology works. People flock to hotspots, and once the hype passes, it depends on whose fundamentals are solid enough. --- I've heard too many explanations like this. Only after half a year can we look at the data to determine whether it's a rebound or the beginning of a decline. --- Talking about core status sounds nice, but trading volume is the real gold and silver. Don't be blinded by rankings.

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NFTBlackHole

· 14h ago

Traffic was drained by memes, that's very normal.

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Ser_This_Is_A_Casino

· 14h ago

Falling behind in the rankings? Haha, once meme comes, everything else takes a backseat.

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GasFeeNightmare

· 14h ago

Falling out of the top five? Haha, it's just another meme coin bloodsucking show. I've seen too many short-term fluctuations like this. But to be fair, during the gas wars, who still has the energy to play perp? The transaction fees eat up half the profit. --- Only late-night staking revealed that the real ranking battle is still about 24h trading volume, not the current rank. Let's talk again when gas returns to single digits. --- Actually, I'm more concerned about whether this protocol's gas efficiency is optimized. Dropping in rank doesn't matter; what's crucial is the miner tip cost for each transaction. That's where I save money. --- Meme coins are crazily bleeding out, perp is being neglected... This is the current on-chain situation. But in the long run, the financial data is right here. Why panic? --- Another short-term phenomenon and long-term leadership—I'm just wondering—when I trade on this protocol, how much lower are my costs compared to the competitors? That's the real question.

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CantAffordPancake

· 14h ago

It's just short-term volatility; the hype around Memepad will eventually cool down.

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ShortingEnthusiast