Ethereum's Shifting Role in the Crypto Perpetual Futures Boom
For years, Ethereum was at the forefront of decentralized finance, pioneering on-chain financial tools. However, the rapid growth of perpetual futures, or 'perps', has seen this sector flourish elsewhere, with platforms like Hyperliquid and Solana gaining traction. This is because perps require extremely fast, low-cost, and high-frequency trading, which Ethereum's base layer was not designed to o…