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Perp DEX might already be on the decline
EdgeX aiming to break a $1 billion valuation? It's unlikely in the current market environment
Look at $LIT how much it has fallen now
The only reason for EdgeX's $1 billion valuation is that meme and the $500 million market cap are holding it up, that's all
The current market won't buy into this kind of bubble
And this year, countless other perpetual DEXs are launching
There are too many potential pump-and-dump altcoins in the future