永续合约DEX这个赛道，大家整天比拼手续费低不低、交易快不快、挖矿奖励香不香——基本就是盯着那些dashboard上能显示的数据较劲。

But here's the thing nobody talks about: 真正的护城河根本不在这些表面指标上。

It's about the chain culture you're building on top of. 你选择在哪条链上搭建产品，那条链的社区氛围、meme传播力、用户粘性——这些看不见的东西才是决定生死的变量。

Take certain meme-driven protocols for example. They don't try to硬塞传统金融那套逻辑into the meme market. Instead, they let the community's natural vibe shape how traders actually behave. That organic fit? That's where the real alpha lives.

When the underlying chain already has that cultural momentum, your DEX isn't just another trading venue. It becomes part of the ecosystem's identity.