The "Infinite War" of Perptual Futures: Why is it said that the DEX market in 2025 still has opportunities for a hundredfold rise?

Author: Sicily

As we examine the current Perp DEX track, a sense of suffocating "involution" seems to be coming at us.

The narrative of GMX's "real yield" is a shining example, the application chain paradigm of dYdX has become a realm of warlords, while Hyperliquid has pushed the "arms race" of performance to a fever pitch. The names on the leaderboard chase each other, and every new project seems to be struggling to find its foothold in this crowded and bloody battlefield.

Thus, a pessimistic tone began to spread: has the war of Perp DEX entered the "garbage time"? The pattern has been set, opportunities have faded, and what remains is just the brutal melee of a stagnant market?

If you think so too, then you may have made a serious temporal error akin to believing that the internet's endpoint is a portal site.

Because the DEX war we see today is not the endgame at all. It is not even comparable to the "D-Day landing"; it is merely a small-scale "beach rehearsal" for the landing battle. The true, vast battlefield has yet to be touched. The opportunity for a hundredfold growth in the DEX market by 2025 lies hidden within those three yet-to-be-conquered "macro battlefields."

Battlefield One: The Real Enemy - The "Mainland Strategy" Against the Trillion Dollar CEX Derivatives Market

We are accustomed to viewing competitors of DEX as another DEX. This is a fatal strategic myopia. What DEXs are competing for is merely the control of a small island. Meanwhile, the truly rich and vast continent—the derivatives market of CEX—with its daily trading volume of trillions of dollars, still sleeps within the centralized fortress.

If DEX can capture 10% of the "colonies" from this continent, its TVL will experience a growth of over a hundred times. To accomplish this "continent strategy," DEX must possess a weapon that CEX users cannot refuse: an "ultimate trading machine" that offers uncompromised performance and experience, while providing absolute advantages in security and sovereignty.

Battlefield II: New Territories - From BTC/ETH to the Asset Explosion of 'Everything Can Be Perp'

The current DEX, its core battlefield, still revolves around a few mainstream assets such as BTC and ETH. But this is just the "Old Continent" of the known world.

And on the horizon, a brand new territory is emerging: RWA (Real World Assets), SocialFi tokens, AI concept assets, on-chain prediction markets... An era where "everything can be Perp" is about to arrive. Whoever can become the "first landing port" and "value discovery center" for these new assets will hold the power to define the future.

This requires the next generation of DEX to evolve from a closed "trading application" to an open, efficient, permissionless "asset issuance platform."

Battlefield Three: The New Recruits - The Next Billion User Migration Driven by "Ownership Economy"

The growth of DEX ultimately depends on the growth of users. To attract the next hundred million users from CEX, a mere technological advantage is not enough. We also need a victory in "ideology."

After experiencing countless CEX explosions and trust crises, users' desire for "asset sovereignty" has reached an unprecedented height. The next generation of DEX must provide a powerful "revolutionary" weapon that CEX can never replicate: a truly community-owned "ownership economy" model.

When users realize that trading on a DEX makes them not only a "customer" but also a "shareholder," a true "mass migration of users" from CEX to DEX will finally erupt.

Who can win this "infinite war"?

Opportunities for a hundredfold increase lie on these three grand battlefields. To win this war, a protocol must possess the potential to be the "ultimate trading machine," "asset issuance platform," and "ownership economy engine" simultaneously.

This is precisely why new generation protocols like QuBitDEX have such an exciting design blueprint.

Its ZK-native sovereign chain architecture is precisely crafting the sharpest weapon for the "Mainland Strategy."

Its ultimate vision of a "financial operating system" is to build the most solid port for the "asset mega-explosion."

Its commitment to a "no VC" fair launch is igniting the brightest lighthouse for the "great user migration."

The war of Perp DEX is far from over. In fact, it has just begun. Forget those pessimistic views about the battle for existing market share. Because in this "infinite war," the true winner will gain the whole world.