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On-chain Perpetual Swaps Trends in 2022 and Post-FTX

On-chain Perpetual Swaps Trends in 2022 and Post-FTX


TheBlock
2022-12-02 19:20:44

Quick Take The collapse of FTX highlighted the shortcomings of centralized exchanges. Self-custody could have been the main catalyst to drive further adoption of on-chain perpetual exchanges. The few days after FTX halted withdrawals resulted in significant increases in users and volume for on-chain perpetual exchanges. These metrics quickly reverted back to their mean as uncertainty surrounding CEXs subsided.


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