The perp DEX sector landscape is already set: Dragon #1 is hype, Dragon #2 is lit, and Dragon #3 aster is the prettiest story that traps the most people. Hype has a market cap of $80 billion, lit has a market cap of $3.6 billion, showing stronger growth potential. Plus, lit has been the most aggressive in pumping during this round of growth. As for grvt, which has already issued tokens, they don’t do market cap management. Not only do they not pump, but their price has dropped significantly. The project @StandX_Official, which hasn’t done TGE yet, is playing its good hand poorly. They should TGE as soon as possible after aster’s TGE, but right now, no one knows what the boss is doing. Other projects that haven’t done TGE yet include @astros_ag on Sui and @OndoPerps and @variational_io from Ondo. They really need to TGE early so they can seize opportunities in every market cycle to manage and maintain their market cap. This way, their project can follow market fluctuations, and their product won’t just be some irrelevant toy.