All the perp DEXs I've recently seen are heading towards RWA (Real World Asset) direction.

The level of speculation in this track is comparable to prediction markets.
As a founder, I am also thinking about what the key success factors are here.
Better liquidity?
Mobile experience?
Transaction fees and funding rates?
Better asset listings?
One user behavior habit worth noting is that people's trading habits for cryptocurrencies and US stocks are quite different; crypto perp trading is mostly quick in and out, while US stocks tend to be held for a relatively longer period.
So, funding fees will become a factor, and I closed my positions too early partly because of funding fees.
I am very curious about what the endgame is for so many RWA perp companies, and who can come up with an impressive growth strategy.
Additionally, I had a good exchange with the Variational team, and Lucas also changed some of my biases about the RFQ model.
Continuing to observe.