2/ For years, CEX's have fully dominated this crypto industry. And this is due to several reasons. First of all, CEXes UI are much better and they're easier to use.

3/ Also, CEXes have deep liquidity and the fees are also low. This is why exchanges like Binance has grown from nothing to $100B+ company in just 6-7 years But now, people have shifted their focus on DEXes which is happening due to a few reasons:

4/ - Mandatory KYC on CEXes which has resulted in data leak - CEXes locking account without any wrongdoing - Liquidity on DEXes are now similar to top CEXes - DEXes are easy to use and offering low to no gas fees

5/ And this has resulted in a massive growth too. In Q1 and Q2 2025, DEXes have done over $1 trillion in trading volume. DEX to CEX spot trade volume is at 20%, almost double from September 2025.

6/ This shows that DEXes are slowing taking over CEXes and even big exchanges are aware of it. But which DEXes will dominate over the long term and are worth farming ? 👇

7/ ➔ 1) @Lighter_xyz If you missed $HYPE or $ASTER airdrop, this one is for you. Lighter allows to trade perpetuals with zero fees. As of now, Ligher has $1B+ in OI and $130B+ in monthly perps volume.

8/ ‣ Why Lighter ? First of all, team has confirmed 30%-50% allocation for airdrop in AMA. There will only be 11M points distributed till Q4, which means TGE will happen in 2-3 months. Right now, each lighter point is trading at $50+ at OTC, which shows how big it'll be.

9/ Also, Lighter is still in private beta which means you need code to join. you can try with this; https://app.lighter.xyz/trade/... DM for more fresh codes if this says expired.. i will try to arrange one for you..

10/ ➔ 2) @hibachi_xyz Fast & private perps trading secured by zk. Raised $5M from Dragonfly, echo and Electric capital. Still in early phase and points are live. Currently doing $35M-$40M in daily perps volume, which means its underfarmed..

11/ ‣ Here's what you have do to farm its airdrop: - Visit: http://hibachi.xyz/r/FSMCP7LEM... - Sign up using your wallet - Deposit USDC and start trading Pre-season will end on 30th September, so act fast.

12/ ➔ 3) @tradeparadex Zero-fee perps with deep liquidity and privacy which is backed by paradigm $100M in TVL, $12.1 billion in monthly perps volume with $20M annualized revenue. Supports 15+ chains and has just 6K monthly users (still underfarmed)

13/ ‣ To farm this airdrop: - Visit this link and signup using your wallet - Deposit the supported assets and start trading - Provide liquidity in your favourite pairs - Deposit in vaults to earn APR and XP This is still underfarmed, so don't miss out.

14/ ➔ 4) @edgeX_exchange A high-performance, orderbook-based perpetual DEX $1B+ on Open Interest, $60B in monthly perps volume with $278 million in annualized revenue. Its point program is already live.

15/ ‣ To farm this airdrop: - Visit: https://pro.edgex.exchange/ref... and signup with your wallet - Deposit funds and open perp trades - Deposit in protocol vault to earn 30%+ APY and points. This has consistently been a top 5 perp exchange, so don't ignore it.

16/ ➔ 5) @extendedapp Perp DEX built by ex-Revolut team $52M+ in TVL and $5B in monthly perps volume Backed by Cyber funds and has raised $6.5M in funding Season 1 of Extended’s points program is live with 1,200,000 points being distributed weekly to users.

17/ ‣ To farm this airdrop: - Visit; https://app.extended.exchange/... and connect your wallet - Deposit funds, open trades, deposit in vault and earn points. - Right now, Extended is doing almost 70% of Avantis monthly perps volume. - If it launches at 70% FDV of Avantis, each point

18/ ➔ 6) @variational_io Perps DEX built on Arbitrum Still in private beta phase which means you need a code... Backed by Coinbase ventures and has raised $11.8M in funding.

19/ ‣ To farm this airdrop: https://omni.variational.io ( DM FOR FRESH CODES ) - Visit this link and connect your wallet - Deposit funds from Arbitrum and start trading - The userbase is very low, so earning points will be easy.

20/ ➔ 7) @Aster_DEX A week ago, no one was talking about $ASTER. Today, it has surpassed Hyperliquid in 24-hrs perp volume and revenue. So what actually happened?

21/ Just like Hyperliquid, Aster also offers spot and perps trading. It also has its own stablecoin coming and its own L1 too. Similar to $HYPE, $ASTER has also allocated 50%+ of its supply for community airdrop and incentives. But there are a few things that makes it

22/ First of all, Aster trading model is Hybrid (order book + AMM like). Also, Aster supports 4+ chains and also provides stock perpetuals. Unlike Hyperliquid where everyone can see your orders and liquidate you like Wynn, Aster has dark pools which prevents front-running and

23/ But can't other DEXes do that too? Well, I didn't talk about one particular thing that makes ASTER different. "@cz_binance support". Cz founded Binance, made it a $100B+ company, on-boarded 300M+ people and now he's supporting $ASTER. If this isn't a sign, what else

24/ - TVL: $1.82 Billion (380% weekly growth) - 7-days DEX Volume: $3.56 Billion - 30-days perps volume: $70.9 billion (700% monthly growth) - Annualized revenue: $195 million If these numbers don't convince how big ASTER will be, I don't know what else can.. To farm:

25/ ➔ 8) @avantisfi Every chain has a DEX leader. Solana has Jupiter, BNB Chain has Aster and now Base has Avantis with ticker $AVNT It's the largest perps DEX on Base, and is backed by Peter Theil's crypto fund.

@avantisfi 26/ In the past 30 days, Avantis has processed $7.3 billion in perps volume. And I think this growth will be up-only. Recently, Base announced that they're planning to launch a network token.

@avantisfi 27/ The airdrop criteria for $BASE will be simple: Use the network and top dApps on it. Right now, Avantis is among one of the biggest dApps, so the usage will go up in anticipation of an airdrop. But that's not all.

@avantisfi 28/ Yesterday, Avantis announced that it'll airdrop 4% of its total supply for S3, which will end in 5 months. This will obviously drive huge volume, and also demand for $AVNT as staking the token will unlock more rewards. Right now, $AVNT has been listed on all major

@avantisfi That’s a wrap! Got any questions about this thread? Drop them in the comments, and I’ll be happy to help. Stay updated by joining my Telegram: http://t.me/Alpha_Updates And if you found this useful, I’d really appreciate a follow: @Axel_bitblaze69 Thanks for reading! 😉

@avantisfi I hope this thread brought you some value! Make sure to follow @Axel_bitblaze69 for: • More valuable crypto insights • Real-time alpha & airdrop updates If you found this helpful, feel free to like/retweet the first tweet below!👇

@Axel_bitblaze69 Most are farming for points delta neutrally or just opening and closing.

@Axel_bitblaze69 Good thread but you missed the real gem @pacifica_fi

@Axel_bitblaze69 which is most underfarmed

@Axel_bitblaze69 Axel dropping Alphas 👀

@Axel_bitblaze69 Aster W

@Axel_bitblaze69 clown

@Axel_bitblaze69 damn nice thread axel