The meme trading landscape has been problematic for quite some time. Centralized exchanges holding custody, hidden fee structures, and lagging user protection when markets move explosively—it's a familiar frustration.

But here's where things get interesting. Someone approached this differently by building a perp DEX specifically designed around meme coin volatility on the Memecore L1 chain. Instead of relying on traditional CEX infrastructure, you're looking at a protocol where users can take long or short positions directly on meme assets without surrendering custody.

The appeal is pretty straightforward: transparent on-chain pricing, instant settlement, and your keys remain yours. When volatility spikes—which happens constantly in meme trading—you're not waiting for exchange servers or processing delays. The risk and reward dynamics shift entirely.

Whether this actually solves the fragmentation problem depends on liquidity depth and whether it can scale during peak meme season.