#加密交易所业务拓展 Looking back at the past, the development of exchanges has truly been a bumpy road. From the earliest centralized exchanges to the rise of decentralized exchanges, and now with the emergence of endless innovative models. New DEXs like Lighter adopting a points airdrop strategy remind me of the BNB airdrop by Binance a few years ago. That certainly caused quite a stir and helped Binance accumulate a large user base.

However, the current market environment is quite different. 25-30% of the tokens are used for Airdrop, and the community allocation accounts for 50%. Such ratios are indeed very sincere. But whether it can truly attract and retain users depends on the competitiveness of the product itself. Zero fees, exclusive liquidity pools, these are all good selling points.

The key is to grasp the rhythm well, to quickly seize the market without being overly hasty. I have seen too many projects fall into difficulties due to excessive aggression. I hope Lighter can learn from the lessons of predecessors and establish a foothold in the intense DEX competition. After all, the success of an exchange lies not only in short-term user growth but also in long-term ecological construction and value creation.

This industry is always evolving, and we veterans need to keep up with the times. It seems I need to study this Lighter well; perhaps I can glimpse the future development direction of DEX from it.