On-chain Perpetual Swaps Trends in 2022 and Post-FTX
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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Author: Brandon Kae
