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BitMEX CEO: Incentive-driven crypto-perpetual DEX craze may soon subside
According to CoinDesk, BitMEX CEO Stephan Lutz said in an interview that the current PerpDEX craze led by platforms such as Aster and Hyperliquid may not continue into next year, arguing that the highly incentive-driven business models of these platforms are too fragile to last. Lutz compares the current DEX incentive model to an "inherent pump-and-dump scheme," in which the platform uses a platform to drive shipments.
2025-10-01 09:54:55
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