Lately, Paradex has been gaining strong momentum, recently becoming the 5th-largest perp DEX by open interest (OI), a key metric since OI represents real positions and real risk. Many Lighter farmers also seem to be migrating there, since it's literally hard AF to get points there now. Paradex operates on a clear philosophy: you can’t scale on-chain finance without privacy. While transparency is valuable in theory, it can sometimes work against traders in practice. Paradex is betting that privacy-centric infrastructure will be crucial for the next evolution of on-chain trading. There’s also speculation about airdrop in January, and earning points on the platform remains relatively easy still. Each Friday, Paradex distributes 4 million XP to traders based on various factors like trading volume, position duration, activity on new listings, TVL in vaults, and even liquidations. You can sign up using my referral link + you get 10% of my points: http://app.paradex.trade/r/route2fi(Route 2 FI)