The top five PerpDEXs, only Grvt has not issued tokens anymore.

Last month, I deposited 50k USDT into Grvt, and after more than 20 days, earned 312 USDT in interest, which annualizes to over 10%, much better than blindly trading in the secondary market.
Recently, Bitcoin has rebounded strongly, and Genius has rekindled hope for the yield farming track, with on-chain indicators also becoming more active. Leading DEXs are performing well in trading volume, open interest, and other dimensions, indicating the market is emerging from the pessimism at the beginning of the year.
I checked the latest statistics from DefiLlama, and three of the top 10 DEXs are the ones I keep farming:
Grvt: ranked 5th, 24H trading volume of 50k, open interest of 474 million
StandX: ranked 7th, 24H trading volume of 634 million, open interest of 136 million
Variational: ranked 8th, 24H trading volume of 514 million, open interest of 726 million
From the overall market environment, these figures are more organic compared to when the track was booming last year, because after experiencing BP and Edge farming, more yield farmers have exited, and genuine DEX trading demand may be returning.
Meanwhile, new growth points are emerging. Taking Grvt as an example, they not only support crypto contract trading but also support stocks and commodities, hoping to bring more incremental users to the crypto space.
As for TGE, the currently confirmed date is Grvt, which is at the end of June—roughly two months away. We don’t preset the outcome; we just hope that the market performs well during TGE and that the project team has a broad vision, especially since we have been positioning for three full years.
Note: The above is personal record and does not constitute any investment advice.
@grvt_io @StandX_Official @variational_io