CoinDesk·4 min read·medium
As crypto perpetual futures boom, Ethereum’s role is shifting
M
Margaux Nijkerk
✦AI Summary
Ethereum is losing its dominance in the decentralized perpetual futures market to faster, lower-cost platforms like Arbitrum and Solana. These high-frequency trading applications require performance metrics that Ethereum's security-focused base layer is not currently optimized to provide.
For years, Ethereum has been synonymous with decentralized finance. It pioneered onchain financial tools like lending protocols and tokenized assets, which today underpin much of the crypto economy. But one of crypto's fastest-growing sectors, perpetual futures, or "perps", has largely flourished elsewhere.
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