When HYPE drops, there will always be a bunch of people seizing the opportunity to rant, saying things like "perp DEX has no users" or "it will never gain traction."

But the fact is: DEXs are almost certain to become one of the most critical pieces of financial infrastructure in the future.

The reason is simple:
• No KYC required
• Immune to emotional blackmail from centralized financial systems
• No risk of having your account frozen for no reason
• Withdrawals won't be blocked under the pretense of "protection"
• Currency exchange won't be restricted due to "policy"

In an era overwhelmed by AI, the logic of KYC itself is becoming increasingly fragile. You’re basically handing over your complete ID, equivalent to making your personal master key public forever. Using passports, IDs, and utility bills to verify someone is fundamentally a relic of ancient times and should have been replaced long ago.

The future of trading infrastructure will inevitably move toward a trustless, permissionless, and censorship-resistant direction, and DEXs are among the products that come closest to realizing this vision.