#Perp DEX市场竞争 Wallets are becoming more competitive now, and the data from Bitget Wallet is interesting——Swap trading volume increased by 232% year-over-year, contract trading volume grew by 291%, but the key is that users' usage patterns are quietly changing.

Shifting from pure trading to consumption + savings is a transition worth pondering. Crypto card spending has increased sixfold over six months, stablecoin payments and on-chain revenue management are both picking up, indicating that people are gradually calming down, no longer going all-in on trading, but instead looking for predictable, stable returns.

Interestingly, in perpetual contracts, the proportion of decentralized contracts has grown from over 6% at the beginning of the year to 18.7%. Users are migrating to on-chain derivatives, reflecting an increasing trust in self-custody and native on-chain tools.

However, from the perspective of Perp DEX, competition is indeed intensifying. The on-chain versions of centralized exchanges are gaining volume, users now have choices—whichever platform offers a better experience, lower fees, and sufficient liquidity, they will move to. The integration capability of wallet ecosystems has become a new competitive point; simply doing trading is no longer enough.