All the perps DEXs I’ve recently seen and encountered are moving toward the RWA direction.

As a founder, I’m also thinking about what the key success factors are here.
Better liquidity?
Mobile experience?
Transaction fees and funding rates?
Better asset listings?
One notable user behavior is that people’s trading habits for crypto and US stocks are very different. Crypto perp trading is mostly quick in and quick out, while for US stocks, people still tend to keep positions for a relatively longer time. So funding fees become a factor, and I closed my mu position too early partly because of the funding fees.
I’m very curious what the endgame will be for all these companies competing in RWA perps, and who can come up with an impressive growth playbook. Let me keep observing for now.