Points and airdrops do not suffice anymore. Perp dexes need to do better. To all the perp dexes that just launched or are about to launch @TxFlow_L1 @Bulletxyz @DrakeExchange @LeverUp_xyz @obsdntrade Please do not be lazy and just do points.

Most perp dexes do not publicise their daily and 7 day active users. But for the ones that do, it shows a fundamental problem that all perp dexes face: retention. I do not put the name of the perp dex here but these are real stats. 33k total users and only 104 active in the past 24 hours. That’s just 0.32% of their users who bother to trade daily. That’s a really bad retention issue, and I know for a fact this is happening across the board.

Product wise, perp dexes might be superior with 24/7 trading and ease of high leverage. However, these benefits are overshadowed by the current major friction points: 1. On-boarding flow of perp dexes Having to get a hot wallet, deposit funds to then deposit in the perp dex smart account, or bridging across chains to get there is just way too many hoops. 2. Trust $295M drift exploit, Ostium lost $23M in their OLP vault, Dango shutting down without much prior notice. No regulations, lack of human support beyond discord. We have lots of work to do here. 3. Crypto majority trading pairs are not what majority of people are looking to trade. I see all perp dexes working on adding equities and even fx which is good. 4. Converting these users from their existing comfy online trading platforms, is gonna be hard.

For the time I’ve spent building @clashofperps, the question I had to every perp dex is how are they planning to acquire net new traders beyond CT. No one has given me a satisfactory answer. So I decided to build the adoption playbook myself. Happy to collaborate with all perp dexes to getting this executed. Will share more soon.

All I care about is PMF. Nothing else in this world matters. There is no feeling greater than when a product hits latent demand and delights users. I felt it with @clashofperps and I continue to optimise for that feeling.

The one thought that has been eating at me for a long time is: How will onchain trading venues properly enter the mindshare of those trading on the traditional trading platforms @RobinhoodCrypto has went on to disrupt itself by setting up its own blockchain and tokenised stocks. But for the rest of the perp dexes, after TGE, what’s the plan to get the marginal web2 trader onboard? I’m genuinely curious on the execution and how things will play out.

My background and why I started @clashofperps. I previously worked at a few blockchain labs including Irys. My professional work has always been focused on growth, growing a blockchain ecosystem, getting metrics up. Growth at all cost. When I left Irys, I wondered if I can do the same even without the title. So I set off working on my idea of 1 startup per month, compressing development work to 1-2 weeks and GTM and growth to 1-2 weeks after the mvp was out. Went through a bunch of apps that had varying degrees of success, but nothing could beat the enthusiasm I was getting from both perp dexes and traders when I got to @clashofperps. It is one of those rare moments where B2B and B2C are both delighted and excited for the product. At that point, I knew I had to double down and focus on this. And 3 months later we are at 6.2k users, $100M cumulative trading volume and $50M monthly trading volume. I’ve proven to myself that I can do growth irregardless of having the title or not.

Perp Dex Post Exploit Comms Phase 1: Communicate clearly about: 1. what happened 2. steps taken to make sure it doesn’t happen again Phase 2: Right after, you need a very strong marketing campaign on getting users to start trading again. How do you get them to feel safe enough to keep their deposits on ur platform and on top of that continue trading? @Ostium and @VelocityDEX lock in boys.

I think perp dexes are underfarmed. It’s the only sector in crypto where there is clear PMF and yet there are so many perp dexes that are pre-TGE. @pacifica_fi on @solana @Ostium on @arbitrum @hibachi_xyz on @arc @perpltrade on @monad @DecibelTrade on @Aptos And many more. $HYPE and $LIT are rising, variational points OTC r increasing. And you can farm them all on @clashofperps, with additional points and cash prize pools during trading competitions. Position accordingly.

GM! @clashofperps is not a simple game, our core feature and revenue stream is perp trading. Games are fun but perp trading has actual PMF in crypto. Aligning with perp traders, making it advantageous for them to trade on us is what helps us win. We also provide additional points and prize rewards for perp traders who trade on Clash of Perps.