There's an interesting shift happening in how perpetual DEXs approach token launches. While some protocols follow the traditional path, others are pioneering a different route—debuting their tokens directly on their own spot markets rather than waiting for centralized exchange listings.

This pattern may seem tactical, but it signals something deeper about market strategy. Projects like Lighter appear to have locked in year-end timelines well in advance, suggesting deliberate planning rather than reactive launches. The trend of perp DEXs establishing tokens on native platforms first reflects growing confidence in community-driven distribution and avoiding heavy dependency on CEX gatekeeping.

Of course, this won't remain the forever approach as market conditions evolve. But right now, for protocols launching into current market conditions, this self-sufficiency model offers both flexibility and community alignment.